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Case Based Critical Thinking Case 13-2 Lisa Can Control the Number

question 78

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Case based critical thinking Case 13-2 Lisa can control the number of digits displayed by the browser using the toFixed() method. However, since the toFixed() method is limited to only defining the decimal place accuracy, she wants to use a method that gives her more control over the numeric format, such as formatting numbers as currency or separating thousands with the comma symbol. Which of the following methods should Lisa use to format the numbers as currency?


Definitions:

Revenue and Cost

Refers to the total income generated from business activities before expenses are subtracted, and the expenses incurred in generating that revenue, respectively.

Short Run

In economics, a period in which at least one input is fixed, limiting the firm's ability to adjust to changes in the market.

Economic Profit

The balance remaining once total revenue is reduced by both obvious and hidden expenses.

Profit-maximizing Firm

A business whose goal is to produce a level of output at which profits are at their highest.

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