Find the Unit Price for a 64-Ounce Bottle of Detergent

question 221

Short Answer

Find the unit price for a 64-ounce bottle of detergent for $9.59. Round to the nearest tenth of a cent.

$__________ per ounce

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Definitions:

Production Possibilities Curve

A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, highlighting the trade-offs in production levels between two commodities.

Fully Employed Resources

A situation in which all available labor and capital resources are being used in the most economically efficient way.

Economic Growth

The increase in a country's output of goods and services over time, indicated by a rise in real GDP.