Which of the Following Is the Equivalent Square of a Rectangular

question 6

Multiple Choice

Which of the following is the equivalent square of a rectangular field of 20 × 10?

• A) 12 × 12
• B) 15 × 15
• C) 11.5 × 11.5
• D) 13.3 × 13.3

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Definitions:

Quantity Effect

The impact on total revenue when the quantity sold changes while the price remains the same.

Marginal Cost

The increased expenditure resulting from making an additional unit of a product or service.

Oligopoly

A market structure characterized by a small number of firms that have significant market power, leading to limited competition.

Price Fixing

An illegal practice where businesses collude to set prices at a certain level, rather than allowing market forces to determine them.