Use Units to Help You Answer the Question

question 53

Multiple Choice

Use units to help you answer the question. If necessary, round your answer to two decimal places.
-You are buying carpet to cover a room that measures 12 feet by 17 feet. The carpet costs $27.50 per square yard. How much will the carpet cost?

• A)$204.00
• B)$741.82
• C)$1870.00
• D)$623.33

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Definitions:

Comparative Advantage

Total output is greatest when each product is made by the country that has the lowest opportunity cost.

Free Trade

The absence of artificial (government) barriers to trade among individuals and firms in different nations.

Economic Inefficiency

A situation where resources are not allocated optimally, leading to waste or loss in the potential value of output.

Hollow Corporation

A business model where a company outsources most of its production processes, keeping only core functions such as design, marketing, and branding in-house.