Which of the Following Is the Correct Formula for Determining

question 13

Multiple Choice

Which of the following is the correct formula for determining the percent of grade?

• A)units of horizon divided by units of vertical rise × 100
• B)units of vertical rise divided by units of horizon × 100
• C) units of horizon X units of vertical rise × 100
• D) units of vertical rise X units of horizon × 100

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Definitions:

Substitutes

Products or services that can be used in place of each other, satisfying the same needs or wants of the consumer.

Monopolist

A single seller in a market who has significant control over the entire supply of a good or service, and thus can influence price.

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Equilibrium

When aggregate demand equals aggregate supply.