The Prefix "Centi" Means

question 65

Multiple Choice

The prefix "centi" means

• A)10^-12
• B)10^-6
• C)10^-3
• D)10^-2
• E)10^-1

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Definitions:

Expected Income

The income an individual anticipates to earn in the future based on current circumstances, potential investments, and employment prospects.

Utility Maximizer

An economic agent who seeks to achieve the highest level of satisfaction or utility from their choices, given their constraints.

Probability

A rating of the potential occurrence of an event, depicted on a scale from 0 to 1.

Expected Income

The income an individual or business anticipates to receive over a certain period.