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A boat is pulled into a dock by a rope attached to the bow of the boat and passing through a pulley on the dock that is 1 m higher than the bow of the boat. If the rope is pulled in at a rate of 2 m/s how fast is the boat approaching the dock when it is 3 m from the dock? Round the result to the nearest hundredth if necessary.
Price of Sugar
The cost at which sugar is sold in a market, influenced by factors such as supply, demand, production costs, and market conditions.
Quantity Demanded
Represents the total amount of a good or service that consumers are willing and able to purchase at a given price.
Relatively Inelastic
Describes a situation where the demand or supply of a product is not significantly changed by alterations in price.
Total Revenue
The sum total of revenue a business earns from its sales activities and service provisions during a particular period.
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