State the Real Number That Corresponds to the Situation $\frac { 11 } { 6 }$

question 282

Multiple Choice

State the real number that corresponds to the situation.
- $\frac { 11 } { 6 }$

• A) \(1 . \overline { 833 }\)
• B) \(1 . \overline { 83 }\)
• C) \(1.8\)
• D) \(1.8 \overline { 3 }\)

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain period.

Total Cost

The total expenses involved in creating goods or services, encompassing both constant and fluctuating costs.

Perfectly Competitive Firm

A business that operates in a perfectly competitive market, where it is a price taker due to the presence of many sellers offering homogeneous products.

Marginal Cost

The cost incurred by producing one more unit of a good or service.