Change the Binary Number to Decimal Form. 111.1

question 71

Multiple Choice

Change the binary number to decimal form. 111.1

• A) 7.8
• B) 7.1
• C) 7.4
• D) 7.5
• E) 7.6

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Definitions:

Perfect Competition

A market structure characterized by an infinite number of small suppliers and buyers, leading to price-taking behavior.

Monopolists

Firms or individuals that are the sole providers of a particular product or service in a market, giving them the power to set prices without competition.

Profitable

The ability of a business or activity to generate earnings that exceed its expenses and costs.

Suppliers Concentrated

A market condition where a small number of suppliers provide a large portion of a particular product or service, which can lead to less competition and higher prices.