When the Value 4

question 104

Multiple Choice

When the value 4.449 is rounded to two significant figures,the number should be reported as:

• A)4.4
• B)4.5
• C)4.44
• D)4.45
• E)none of the above

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type, typically referred to when discussing market transactions.

Units of Y

A placeholder term generally referring to quantities or measurements of a variable Y.

Units of X

A measure or quantity of a particular good, product, or factor of production expressed as a discreet unit for analysis or transaction purposes.