Use a Calculator to Approximate the Number $\left( \frac { 7 } { 3 } \right) ^ { - 7 / 8 } - \left( - \frac { 12 } { 5 } \right) ^ { 1 / 3 }$

question 33

Multiple Choice

Use a calculator to approximate the number. (Round your answer to three decimal places.) $\left( \frac { 7 } { 3 } \right) ^ { - 7 / 8 } - \left( - \frac { 12 } { 5 } \right) ^ { 1 / 3 }$

• A)-0.862
• B)1.536
• C)-1.536
• D)1.815
• E)3.438

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Definitions:

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.

Market Failure

A less than efficient allocation of resources.

Public Goods

Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.

Externalities

Consequences of an economic activity experienced by unrelated third parties; can be positive or negative.