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Both Dave and Caroline produce sweaters and socks.If Dave's opportunity cost of 1 sweater is 3 socks and Caroline's opportunity cost of 1 sweater is 5 socks,then
Round
The process of adjusting numbers to a specified degree of accuracy, often to the nearest whole number or decimal place.
Linear Equation
A formula involving two variables that results in a linear plot on a chart.
Discount
A reduction applied to the usual cost of goods or services.
Markup Rate
The percentage added to the cost price of goods to cover overhead and profit.
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