Plane a Is Flying at 400 Mph in the Northeast

question 43

Multiple Choice

Plane A is flying at 400 mph in the northeast direction relative to the earth.Plane B is flying at 500 mph in the north direction relative to the earth.What is the speed of Plane B as observed from Plane A?

• A)900 mph
• B)640 mph
• C)357 mph
• D)100 mph

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Definitions:

Monopolist

A seller that is the sole provider of a good or service in a market, thus controlling the market entirely.

Cartel Operation

is the coordination among independent firms within the same industry to control prices, limit competition, or manage the production and distribution of goods.

Inelastic Demand

A situation in which the demand for a product is not significantly affected by changes in its price.

Non-Cartel Members

Companies or nations that are not part of a cartel, an association of producers that seek to control production, pricing, and marketing of a product.