Convert the Given Interest Rate to Decimal Form If It

question 2

Multiple Choice

Convert the given interest rate to decimal form if it is given as a percentage, and to a percentage if it is given in decimal
form.
-11.6% to decimal

• A) 11.6
• B) 116
• C) 0.116
• D) 0.00116

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Definitions:

Public Goods

Goods or services that are available to all members of a society, typically provided by the government, with no one excluded from benefitting.

Efficient Mix

The most advantageous combination of goods and services that can be produced and distributed with the available resources and technology, maximizing overall welfare.

Equate Price

The action of setting two or more goods or services to have the same price.

Marginal Cost

The outlay involved in the creation of an additional unit of a good or service.