The Velocity of a Car Was Read from Its Speedometer

question 2

Multiple Choice

The velocity of a car was read from its speedometer at ten-second intervals and recorded in the table. Use the Midpoint Rule to estimate the distance traveled by the car.

• A) 0.6 miles
• B) 0.8 miles
• C) 2.4 miles
• D) 1.8 miles
• E) 1.2 miles

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Definitions:

Goods and Services

The products (goods) and activities (services) that are produced and sold to satisfy human wants and needs.

Law of Comparative Advantage

A principle that states that countries or individuals gain by producing goods for which they have a lower opportunity cost relative to other producers, leading to more efficient global resource allocation.

Economic Goods

Products or services that have a price and are consumed by individuals or groups to satisfy needs or wants.

Opportunity Cost Producer

The cost incurred by a producer when choosing one production opportunity over another, measured in terms of the benefit forgone from the alternative not chosen.