Identify the Decimal with the Largest Value in the Following

question 18

Short Answer

Identify the decimal with the largest value in the following set.
0.7, 0.67, 0.86: _____

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Definitions:

Total Revenue

The sum of all revenue collected from selling goods or services before deducting any costs.

Marginal Cost

The monetary requirement for the generation of one additional unit of a good or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced. It measures the cost per unit of output.

Ceteris Paribus

a Latin phrase meaning "all other things being equal," used in economic models to isolate the effect of one variable.