Choose the One Alternative That Best Completes the Statement or Answers

question 60

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-How many miles (to the nearest hundredth of a mile) is a trip that is $1.5 \times 10 ^ { 6 }$ inches?

• A) 23.67 miles
• B) 47.34 miles
• C) 11.835 miles
• D) 2,367.42 miles

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Definitions:

Implicit Costs

The opportunity costs of utilizing resources owned by the firm that could have been employed for other purposes.

Explicit Costs

Direct, out-of-pocket payments for resources employed in the production of goods or services, easily identified and measured.

Capital Intensive

A description of industries or businesses that require large amounts of capital investment compared to labor.

Alternative Technologies

Various methods or means of producing goods or services that differ from current practices, often to improve efficiency or sustainability.