$750 Is 33.3% of What Amount

question 197

Short Answer

$750 is 33.3% of what amount?

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Definitions:

World Price Ratio

The rate at which quantities of goods from two countries are traded for each other.

Production Possibilities Frontier

A graph that represents all the highest production potentials for two products, based on a group of inputs that include resources and various factors.

Marginal Rate Of Transformation

The rate at which one good must be sacrificed to produce an additional unit of another good, based on the given technology and resource constraints.

Marginal Rate Of Transformation

The rate at which one good must be sacrificed to produce an additional unit of another good, reflecting the opportunity cost.