Write the Number as a Binary Numeral. ​

question 60

Multiple Choice

Write the number as a binary numeral. ​
​11
​

• A) 1001 two
• B) 1011 two
• C) 1111 two
• D) 1010 two
• E) 11011 two

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Definitions:

Bliss Point

The optimal quantity of consumption where any further increase or decrease would lead to a less preferable situation for the consumer.

Absolute Value

the non-negative value of a number without regard to its sign, essentially the distance of a number from zero on the number line.

Convex Preferences

A consumer preference pattern indicating that mixtures or combinations of goods are preferred over individual goods, showing a preference for diversification.

Consumption Bundle

A combination of various goods and services that a consumer chooses to purchase.