It Takes 6 Seconds for a Stone to Fall to the Bottom

question 48

Multiple Choice

It takes 6 seconds for a stone to fall to the bottom of a mine shaft.How deep is the shaft?

• A)about 60 m
• B)about 120 m
• C)about 180 m
• D)more than 200 m

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Definitions:

Downward-Sloping

A characteristic of demand curves where price and quantity demanded move in opposite directions.

ATC Curve

A graphical representation of the average total cost of producing various quantities of output, showing how unit costs change with changes in output level.

AVC Curve

A graph that represents the average variable cost of producing each quantity of output, showing how these costs vary with changes in output levels.

Short-Run Situation

A period in which at least one of a firm's inputs is fixed, limiting its capacity to adjust output levels quickly.