A Current Study Shows That the Demand for Widgets Is

question 270

Short Answer

A current study shows that the demand for widgets is expected to decrease by 3% per year over the next seven years. If production is now 450,000 units, how many units does the company expect to produce in seven years?

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Definitions:

Cent

A monetary unit equal to one hundredth of a dollar or other unit of currency.

Evaluate

To assess or determine the value, significance, or condition of something through analysis or calculation.

Nearest Cent

The nearest cent is a rounding approach where prices or amounts are rounded up or down to the nearest one-hundredth of a dollar.

Evaluate

To carefully assess or appraise the value, quality, or performance of someone or something.