How Many Significant Figures Are There in the Answer to the Following

question 95

Multiple Choice

How many significant figures are there in the answer to the following problem? $$\frac { [ ( 143.7 - 121 ) \times 2.06 ] } { 0.600 }$$

• A)one
• B)two
• C)three
• D)four

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Definitions:

ATC Curve

The average total cost curve, which represents the per-unit total cost (fixed plus variable costs) of production for varying quantities of output.

Short Run

A time period in economics where at least one factor of production is fixed, limiting the immediate response of a firm to changes in market conditions.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Average Variable Cost

The total variable cost divided by the quantity of output produced.