You Write a Check to Cover a Bill of $7,653

question 49

Multiple Choice

You write a check to cover a bill of $7,653.47. How would you write the word form of this amount on a check?

• A) seven thousand six hundred fifty-three and 47/100
• B) 47/100
• C) seven thousand six hundred fifty-three and 47
• D) seven thousand six hundred fifty-three and forty-seven hundredths

---

Definitions:

Demand Curve

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

Perfectly Elastic

Describes a scenario where the quantity demanded or supplied changes infinitely in response to any change in price.

Marginal Revenue

The additional revenue generated from selling one more unit of a good or service; crucial for determining the optimal level of output for profit maximization.

Purely Competitive Market

A market structure characterized by many buyers and sellers, homogeneous products, and the ease of entering and exiting the market.