Put the Following Steps in the Correct Sequence According to How

question 58

Multiple Choice

Put the following steps in the correct sequence according to how one would take a survey reading. 1. The angle between the line sighted to the star and a line drawn directly toward Earth's center permits calculation of latitude. 2. Surveyors sight a telescope on the North Star, which is almost directly above Earth's rotation axis. 3. A table is set up with its level surface perpendicular to a line directed towards Earth's center.

• A) 1, 2, 3
• B) 2, 1, 3
• C) 3, 2, 1
• D) 3, 1, 2

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Definitions:

Mark-Up

A percentage added to the cost price to determine the selling price.

Elasticity Of Demand

This metric indicates the reaction of the quantity of a product demanded by consumers to shifts in its price, expressed as the ratio of the percentage change in demand to the percentage change in the product's price.

Marginal Costs

The cost associated with producing one additional unit of a good, highlighting the changes in total production cost.

Profit Maximizing

A strategy or point at which a business achieves the highest level of profit possible with the given resources and market conditions.