Estimate by Rounding All the Way (Do Not Round Final

question 46

Short Answer

Estimate by rounding all the way (do not round final answer): 4918 + 6500

---

Definitions:

Marginal Cost

Marginal cost is the cost of producing one additional unit of a product or service.

Output

The total amount of goods or services produced by a person, machine, business, country, etc., during a given period.

Economic Profit

The net gain or loss after removing both easily identifiable and not readily apparent expenses from the overall turnover.

Price

The amount of money or compensation given in exchange for goods or services in a market.