Rounding 55.55 to the Nearest Whole Number Gives 55

question 72

True/False

Rounding 55.55 to the nearest whole number gives 55.

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a product or service.

Marginal Benefit

The extra enjoyment or benefit derived from acquiring or generating another unit of a product or service.

Total Benefit

The complete gain or value derived from consuming a good or service, encompassing all individual benefits.

Lane Costs

Lane costs refer to the expenses associated with the transportation and logistics of goods along specific routes or lanes in a supply chain.