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Given the calculation: (6.49 × 10 7) × (7.1 × 10 5) = ?, what is the answer reported to the correct number of significant figures?
Utility Function
A numerical depiction of the ranking of a consumer's preferences among various products or results.
Private Consumptions
Expenditure by households and non-profit institutions serving households on goods and services used for individual consumption.
Total Amount
The aggregate sum of all units or quantities in consideration.
Pareto Optimal
A state of allocation of resources from which it is impossible to reallocate without making at least one individual worse off.
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