Find the Average and Round to the Same Place Value

question 195

Multiple Choice

Find the average and round to the same place value as that used in the problem. Cost of a can of cat food: 51¢, 94¢, 15¢, 73¢, 48¢, 51¢, 33¢

• A)52.14¢
• B)53¢
• C)52¢
• D)51¢

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Alfred Marshall

A prominent British economist known for his significant contributions to microeconomics and for popularizing the use of supply and demand graphs.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.