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What is one way yo quantify the personal value of a good or service?
By finding the monetary value of something the person would willingly trade in exchange for the good or service
When the price of a good or service changes what happens?
When the price of a good or a service changes, people will generally buy that good or service in plenty. People generally love getting real value for their money.
A numbers distance from 0 on a number line?
A number's distance from 0 on a number line is called absolute value. The absolute value of 5 is 5 and the absolute value of -5 is also 5.
What is the definition of absolute advantage?
Absolute advantage exists when one economic agent can strictly produce more than another agent in a given good or service. This is different from comparative advantage, which occurs when an economic agent can produce for a lower opportunity cost than another agent.
Why do people accept US money in exchange for goods and services?
The value of a good or service can be measured with money.
Which of these is one way to quantify the value of a good or service?
You can quantify the value of a good or service by doing a market comparison of that good or service.
Distance a number is from zero?
That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.
What number has the absolute value as -4?
no number; absolute value is always positive. The absolute value of a negative number is positive. For example absolute value of -4 is +4
What is the absolute value of -19?
The absolute value of 19 is 19. If x is positive , absolute x equals x.
What is the integer's absolute value?
An interger's absolute value is how far away it is from 0, so an interger's absolute value will always be positive. The absolute value of -83 is 83. The absolute value of 178 is 178. etc.
What is absolute value and why is it useful?
The absolute value is when even if a negative number when put in absolute value signs is positive such as.. l-23 l the absolute value is 23. l..l are absolute value signs
Information about absolute value?
Absolute value is the distance of a number from zero on a number line.
Is the absolute value of negative 7 less than the absolute value of 7?
the absolute value of negative 7 is 7 and the absolute value of 7 is also seven so they are equal. Therefore, the absolute value of negative 7 is not less than the absolute value of 7. Remember that absolute value means the positive of a number
What is the absolute value of-607?
The absolute value of something is its difference from 0. Absolute value of -607=607
What is the absolute value of 14?
Absolute value of 14 is 14.
How does the absolute value of -7 compare to the absolute value of 7?
They are the same. the absolute value is always positive
What is an absolute function?
The absolute value function returns the absolute value of a number.
