The Prefix Kilo- in the Metric System Represents a Factor

question 11

Multiple Choice

The prefix kilo- in the metric system represents a factor of _____.

• A) 10³
• B) 10^-3
• C) 1/10³

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Definitions:

Marginal Utility

The alteration in pleasure or usefulness a person receives from using an extra unit of a product or service.

Laws of Economics

Fundamental principles that govern economic behavior and interactions, such as supply and demand, cost-benefit analysis, and incentives.

Interest-Rate Cost-Of-Funds

The cost to banks or financial institutions of acquiring funds to lend, which can include interest paid on deposits or on borrowed funds.

Marginal Benefit

Additional value or satisfaction obtained by consuming an extra unit of a good or service.