Answer: C
Step-by-step explanation: We see that it took James 10 minutes to go 0.5 miles, so to get how many miles an hour James is traveling, we need to get the miles to 1. To do this, multiply by 2, and this will give you that it took James 20 minutes to go 1 mile. This is option C.
This number is written in extended form. Each multiplication determines the place the digit is in the number you have to determine.
4*100 → This indicates that the first digit of the number is in the place of the "hundreds", if you solve the multiplication the result is 400
2*10 → This multiplication indicates that the second digit of the number is in the place of the "tens", the result of the multiplication is 20
4*1 → This multiplication indicartes that the third digit of the number represents the "units", te result of the multiplication is 4
After the units you have to put the decimal point and all digits below it will be decimal values.
7*(1/10) → The first digit after the decimal point is in the "tenths" place, you can write it as 0.7
7*(1/100) → This indicates that this digit is in the second place after the decimal dot, in the "hundredths" place, you can write it as 0.07
0*(1/1000)→ The multiplication indicates that the digit is in the third place after the decimal dot, in the "thousands" place, you can write it as 0.000
To write the number in decimal form you have to put each digit in their given order, or add the result of each multiplicatin toghether:
400+20+4+0.7+0.07+0.000
424.770
Powers shared by the state and federal government are known as concurrent powers.
Selection D is the equivalent form of the given expression.
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The nominal annual interest rate in this problem is 40%. If it were compounded half-yearly, the formula would be x(1.2)^(2t) or x(1.44)^t. Apparently, this problem is more concerned with the equivalent form of the expression than it is with half-yearly compounding.
To be honest, these answer choices are a bit baffling. The best answer in my opinion would be to do at least two of the three options given below.
- Place a price floor above the equilibrium.
- Decrease imports from other countries.
- Reduce current supply (reduce herd sizes).
Doing that should increase the prices.
Placing a floor above equilibrium will force the equilibrium to move upward, and with the reduce in supply from other countries, demand will shift toward the domestic producers. Without the demand shift, there simply would be an oversupply or surplus of dairy. Either the surplus is thrown away or its simply housed somewhere else (often at taxpayer expense).
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If you place a ceiling below equilibrium, then the price will go down to that ceiling value. That will be the highest price possible. This is the opposite of what the farmers want. It gets even worse when you increase milk imports (since supply goes up leading to further reduced prices). So that rules out choice A.
If you place a ceiling above equilibrium, then nothing happens. The price stays at equilibrium. Nothing too exciting here. This rules out choice B (though I agree with the "decrease imports" portion).
If you set a floor below equilibrium, then nothing happens similar to the last paragraph above. The price stays where it is. We can rule out choice C. Reducing herd sizes will reduce supply so that could maybe increase prices.
I'm not really familiar with the term "arbitrage" so I probably won't be any help here. That seems like an answer choice that is a distraction, but I'm not sure.
