Convert the Fraction to a Decimal

question 214

Multiple Choice

Convert the fraction to a decimal.

• A) 0.666667
• B) 0.23

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Definitions:

Output

The overall production of goods or services by an organization, industry, or economic body.

Economic Profit

The gap between all earnings and total expenditures, factoring in both overt and hidden costs.

Accounting Profit

The total revenue of a business minus the explicit costs associated with that business, as calculated for financial accounting and reporting purposes.

Explicit Costs

Direct, out-of-pocket payments made by businesses for resources and services.