​Change the Percents to Decimals or Mixed/whole Numbers; Change the Decimals

question 12

Short Answer

​Change the percents to decimals or mixed/whole numbers; change the decimals, fractions, or whole numbers to percents.
​
a.0.25% = ______
b.1/4 = ______
c.0.125 = ______

---

Definitions:

Marginal Cost

The cost added by producing one more unit of a product or service, a key concept in economics determining optimal production levels.

Concentration Ratio

A measurement of the market share held by the largest firms within an industry, indicating the degree of market control.

Monopolistic Competitor

A business operating in a market structure characterized by many firms selling products that are similar but not identical, allowing for significant differentiation and competition.

ATC Curve

The Average Total Cost curve in economics represents how a firm's total cost per unit of output changes with the quantity produced.