Answer True or False

question 572

True/False

Answer true or false. A fence is to be used to enclose a rectangular plot of land. If there are 920 feet of fencing, it can be shown that a 230 ft by 230 ft square is the rectangle that can be enclosed with the greatest area. (A square is considered a rectangle.)

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Definitions:

AFC

Average Fixed Cost (AFC) is the fixed costs of production (such as rent, salaries, machinery) divided by the quantity of output produced.

Fixed Costs

Costs that remain constant regardless of the level of production or output, such as rent, salaries, and loan repayments.

Maximum Amounts

The highest allowable or possible quantity or number in a given set of circumstances or regulations.

Variable Costs

Expenses that vary in relation to the amount of activity or production volume within a company.