In the Figure, Point P Is at Rest When It

question 18

Multiple Choice

In the figure, point P is at rest when it is on the x-axis. The time t, when P returns to the original position on the x-axis, is closest to

• A) 13 s.
• B) 18 s.
• C) 25 s.
• D) 35 s.
• E) 50 s.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen over others.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Price Elasticity

The determination of how price alterations influence the market demand for a commodity.

Marginal Value

The additional satisfaction or utility received by consuming one more unit of a good or service.