Suppose You Buy Dinner for $23

question 45

Multiple Choice

Suppose you buy dinner for $23.75 that includes an 8% sales tax.How much did the restaurant charge you for the dinner (excluding any tax) and how much do they owe for sales tax?

• A)$23.75 for dinner and $1.90 for sales tax.
• B)$23.75 for dinner and no sales tax.
• C)$21.85 for dinner and $1.90 for sales tax.
• D)$21.99 for dinner and $1.76 for sales tax.

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Definitions:

Scarce Resources

Resources that are limited in availability, meaning they cannot meet all the demands placed on them.

Consenting Individuals

Persons who have given permission for something, especially in a legal or formal context.

Ideal Conditions

Circumstances or situations that are considered perfect or optimal for a certain process or experiment to occur.

Efficiency

The extent to which a process or intervention produces a desired effect or outcome with a minimum amount of waste, expense, or unnecessary effort.