Rounding $53.5637 to the Nearest Cent ​Is $53.57

question 89

True/False

Rounding $53.5637 to the nearest cent ​is $53.57.

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Definitions:

Cartel Arrangement

A formal agreement among competing firms in an industry to control prices, limit production, or divide markets, usually to enhance profits.

Manufacturing Plant

A facility where goods are produced or assembled through a combination of human labor, machinery, and technological processes.

Demand Curve

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

Cost Function

A mathematical representation that describes how the costs incurred by a firm relate to its level of output or production.