Use a Calculator to Approximate to Three Decimal Places $$\sqrt { \frac { 449.7 } { 89.7 } }$$

question 29

Multiple Choice

Use a calculator to approximate to three decimal places.
- $$\sqrt { \frac { 449.7 } { 89.7 } }$$

• A) \(1902.190\)
• B) \(5.013\)
• C) \(0.239\)
• D) \(2.239\)

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Definitions:

Economic Efficiency

A situation where all resources in an economy are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Game Theory

A mathematical and logical model used to analyze strategies in competitive situations where the outcome depends critically on the actions of all participants.

High-Price Policy

A strategy where a firm sets the prices of its products or services higher than its competitors, often to signal higher quality or to cover higher costs.

Nonprice Competition

Competition based on distinguishing one’s product by means of product differentiation and then advertising the distinguished product to consumers.