1.) Austin would get 2.3 pounds per dollar.
2.) A customer would get 15 minutes of bike time per dollar.
Answer: commom resources good
Step-by-step explanation:
The question above signifies that I can't eliminate shoes from my list. To me, shoes are inexcludable. You can see that as my income increases, my purchases of shoes increase.
I chose common resources good because they are non-excludable (something difficult to eliminate), but can compete with other goods. This means that their availability to other people decreases when they are being used up.
Other types of goods besides common resources good are
- Private goods (products that are easily eliminated and rival)
-Club goods (excludable products but non rival)
-Public goods (unable to eliminate and non-rival)
Answer: $4
The cost of an 8x10 piece is $2, and 16x20 is just 2 times that amount, multiply the cost.
F(x)=-5t^2+20t+60
Divide everything by -5
f(x)=t^2-4t-12
(t-6)(t+2)
Set it up to zero
t-6=0. t+2=0
t=6. t=-2
Since you can’t have negative seconds, the answer is 6 seconds