A Gradient of .037 Implies That

question 60

Multiple Choice

A gradient of .037 implies that

• A)the slope will drop by 37 meters or feet or inches for every 1000 meters or feet or inches of horizontal distance.
• B)there are .037 times as many index contours as there are other contours on the map.
• C)the slope is steeper than another location with a gradient of .040.
• D)topographic map or shaded-relief map cannot be constructed for the area because the gradient is too small.

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Definitions:

Market Equilibrium

The state in which market supply and demand balance each other, and, as a result, prices become stable.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, reflecting the true profitability of the firm.

Economic Profit

The gap between the total income a company makes and all of its expenses, covering both direct and indirect costs.

Optimal Output

The level of production that maximizes a firm's profits, where marginal revenue equals marginal cost.