Solve the Problem $\text { (Hint: } 47 \$ = \$ 0.47 )$

question 81

Multiple Choice

Solve the problem.
-CopyMart charges $23 plus 47¢ per copy to produce promotional brochures. How many brochures can Steve purchase if he has a budget of $86.92 $\text { (Hint: } 47 \$ = \$ 0.47 )$

• A)43 brochures
• B)136 brochures
• C)146 brochures
• D)13 brochures

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Definitions:

Central Planning

An economic system where the government or a central authority makes all decisions about the production and allocation of goods and services.

Economic Profits

The surplus generated when total revenues exceed the total costs (including both explicit and implicit costs) of production, reflecting a return beyond the normal profit level.

Total Costs

The combined total of expenses related to the generation of goods or services, integrating both unchanging and adjustable costs.

Market Economy

An economic system in which supply and demand from consumers direct the production of goods and services.