Solve. Round Results to the Nearest Thousandth

question 17

Multiple Choice

Solve. Round results to the nearest thousandth.
-

• A)0.606, -6.606
• B)3.303, -0.303
• C)-0.382, -2.618
• D)0.303, -3.303

Explore the relationship between personal relations skills and their application in both professional and personal contexts.

Understand the relationship and inconsistencies between attitudes and behaviors.

Recognize the concepts and implications of cognitive dissonance theory.

Appreciate the role of social and cultural influences on attitude-behavior consistency.

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Definitions:

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is distributed to meet the desires of consumers.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically measured as the area above the supply curve and below the market price.

Marginal Benefit

The heightened satisfaction or usefulness derived from the consumption of an extra unit of a good or service.