Use Scientific Notation and the Properties of Exponents to Evaluate $\frac { 0.00096 } { 0.0024 }$

question 46

Short Answer

Use scientific notation and the properties of exponents to evaluate the following numerical expression. $\frac { 0.00096 } { 0.0024 }$ Enter your answer as a decimal.

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Definitions:

Normal Goods

Normal goods are goods for which demand increases as the income of consumers increases, showing a positive relationship between income and demand.

Income Increases

The rise in earnings received by an individual or household, which can impact consumption, savings, and investment behaviors.

Opportunity Cost

Opportunity cost represents the value of the best alternative foregone when a decision is made to choose one option over another.

Optimum

Refers to the best or most favorable condition, value, or level of something.