Multiply or Divide and Write Scientific Notation for the Result $\frac { 21.62 \times 10 ^ { 3 } } { 4.6 \times 10 ^ { - 1 } }$

question 30

Multiple Choice

Multiply or divide and write scientific notation for the result.
- $\frac { 21.62 \times 10 ^ { 3 } } { 4.6 \times 10 ^ { - 1 } }$

• A) \(9.4 \times 10 ^ { 4 }\)
• B) \(4.7 \times 10 ^ { 2 }\)
• C) \(4.7 \times 10 ^ { 4 }\)
• D) \(9.4 \times 10 ^ { 2 }\)

Understand the concept of equilibrium price within market structures.

Analyze the impact of different pricing strategies on total surplus.

Evaluate the effects of shifts in supply and demand on producer and consumer surplus.

Recognize the significance of efficiency and equality in resource allocation.

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Definitions:

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market; it occurs when total revenues are equal to total costs, including opportunity costs.

Monopolistically Competitive Firm

A company operating in a market structure characterized by many firms selling products that are substitutes but different enough that each has a degree of market power.

Long-Run Equilibrium

A condition in which supply and demand are balanced, all inputs can be varied by firms, and there is no incentive for market entry or exit.

Graphs

Visual representations of data, relationships, or trends using points, lines, bars, or other symbols.