Following the Order of Precedence, a Formula Calculates Addition First

question 54

True/False

Following the order of precedence, a formula calculates addition first, then multiplication.

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Definitions:

Consumption

The utilization of products and services by families.

Marginal Utility

The change in total utility a person receives from consuming one additional unit of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Average Utility

The total utility received from a certain amount of goods or services divided by the number of goods or services consumed.