Solve the Problem $\$ 29.20$ B) $\$ 2.92 \times 10 ^ { 3 }$

question 17

Multiple Choice

Solve the problem. Express the answer in scientific notation to two decimals unless requested otherwise.
-A company produced 2,580,000 small appliances in one year and made a profit of $7,530,000. What was the profit on each appliance?

• A) \(\$ 29.20\)
• B) \(\$ 2.92 \times 10 ^ { 3 }\)
• C) \(\$ 2.92\)
• D) \(\$ 2.92 \times 10 ^ { 6 }\)

Understand the cognitive, behavioral, and affective components of attitudes.

Explore the relationship between attitudes and behavior.

Identify the factors that influence the effectiveness of persuasion.

Recognize how implicit attitudes can predict behavior.

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Definitions:

Perfectly Inelastic

Refers to a scenario in which the amount demanded or supplied shows no reaction whatsoever to changes in price.

Total Revenue

The total amount of money earned by a business from the sale of its goods and services.

Price-elastic

Refers to the responsiveness of demand or supply to changes in price, with high elasticity indicating significant response to price changes.

Quantity Demanded

The sum of a product or service that buyers are prepared and able to buy at a specific price.