Give Three Examples of Values Which Have Only Two or Three

question 102

Short Answer

Give three examples of values which have only two or three digits but nevertheless are known with perfect accuracy.

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Definitions:

Opportunity Cost

Represents the benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.

Ticket Price

The cost associated with purchasing a ticket to gain entry to an event, performance, or mode of transportation.

All You Can Eat

A service model where diners pay a set fee to consume as much food as they desire from a specific selection.

Consumption

The use of goods and services by households.