Convert the Following Fraction to Its Decimal Equivalent and Percent $\frac{1}{6}$

question 91

Short Answer

Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures:
$\frac{1}{6}$

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Definitions:

Average Fixed Cost

The fixed cost per unit produced, calculated by dividing total fixed costs by the quantity of output produced.

Marginal Cost

The charge for generating one more unit of a good or service.

Total Variable Cost

Total variable cost is the sum of all costs that vary directly with the level of production or output, such as materials and labor.

Marginal Cost

The added cost of producing one additional unit of a product or service.