Use a Calculator to Approximate the Expression $47 ^ { - 1 / 3 }$

question 9

Multiple Choice

Use a calculator to approximate the expression. Round to four decimal places, if necessary. $47 ^ { - 1 / 3 }$

• A) \(0.3819\)
• B) \(0.2771\)
• C) \(6.8557\)
• D) \(3.6088\)

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Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Variable Cost

Costs that change in proportion to the level of production or sales, such as materials and labor directly involved in manufacturing.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good or service.

Fixed Input

An input whose quantity is constant and cannot be changed in the short run.