Add as Indicated. --16 + (-17)

question 17

Multiple Choice

Add as indicated.
--16 + (-17)

• A) 1
• B) -33
• C) -1
• D) 33

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Definitions:

Marginal Cost

The cost of producing one additional unit of a product or service.

Relevant Range

The range of activity or volume in which the assumptions about fixed costs and variable costs are valid.

Variable Cost

Costs that fluctuate with the level of output, such as materials and labor directly involved in production.

Cost Driver

An element that leads to a variation in the expense associated with an action.