What Answer Should Be Reported, with the Correct Number of Significant

question 164

Multiple Choice

What answer should be reported, with the correct number of significant figures, for the following calculation? 6.83192458 + log(6.7831 × 10⁴)

• A) 11.66335
• B) 11.663353
• C) 11.6634
• D) 11.6633528
• E) 11.663

---

Definitions:

Price Elasticities

Measures that indicate how much the quantity demanded or supplied of a good responds to changes in its price.

Original Buyers

Individuals or entities that are the first to purchase a particular product or asset from its initial point of sale.

Nondiscriminating

Pertaining to market practices or policies that do not differentiate between customers on any basis, often used in the context of uniform pricing.

Unregulated Monopolist

A single seller in a market without government controls, setting prices and output levels at will to maximize profits.