If,in a Parallel Universe,π Has the Value 3

question 45

Multiple Choice

If,in a parallel universe,π has the value 3.14149,express π in that universe to four significant figures.

• A) 3.141
• B) 3.142
• C) 3.1415
• D) 3.1414

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Definitions:

Natural Monopolies

A situation where a single firm can supply a product or service to an entire market at a lower cost than two or more firms, making competition impractical.

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase.

Long-run ATC

Long-run Average Total Cost refers to the per-unit cost of production in the long term where all inputs are considered variable.

Rate of Return

The rise or fall in an investment's worth over a designated period, articulated as a percentage of the cost of the investment.