A Quantity Decreases by 8% Each Week for 7 Weeks

question 29

Multiple Choice

A quantity decreases by 8% each week for 7 weeks.What is the total percentage decrease over the 7-week period? Round your answer to two decimal places if necessary. ​

• A) 55.91%
• B) 44.37%
• C) 56%
• D) 44.22%

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Definitions:

Average Fixed Inspection Cost

A cost that remains constant per unit but varies in total, associated specifically with the inspection process in manufacturing or quality control.

Fixed Inspection Cost

A fixed cost associated with quality inspections that does not change with the level of production or services.

Machine-Hours

Machine-hours represent the total time that machinery is in operation, used as a basis for allocating machine-related costs to products.

Total Variable Cost

The sum of all costs that vary directly with the level of production, such as materials and labor costs.