Two Vector Quantities,whose Directions Can Be Altered at Will,can Have

question 13

Multiple Choice

Two vector quantities,whose directions can be altered at will,can have a resultant of any magnitude between the limits 0 and 200.The magnitude of each vector quantity must therefore be

• A)between 0 and 80.
• B)between 120 and 200.
• C)less than 100.
• D)exactly 100.
• E)more than 100.

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Definitions:

Long Run

A period in economics where all factors of production and costs are variable, allowing for full industry adjustment to changes.

Perfect Competitor

A theoretical market structure where many firms offer a standardized product, there is free entry and exit, and all buyers and sellers have perfect information, leading to price being equal to marginal cost.

Long Run

A period in which all inputs can be adjusted, allowing firms to change their production capacity and industries to enter or exit markets.

Perfect Competitor

A theoretical firm in a perfectly competitive market where it is a price taker, and there are no barriers to entry or exit.