Which of the Following Formulas Is CORRECT

question 317

Multiple Choice

Which of the following formulas is CORRECT?

• A) VMPL = MC × P.
• B) VMPL = MPL × P.
• C) MPL = VMPL × P.
• D) VMPL / MC = TR.

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Definitions:

Deceptive Advertisement

Marketing communication that misleads consumers about the characteristics, benefits, or quality of a product or service.

Consumer Law

A branch of law that deals with the rights of consumers and the regulation of trade practices to protect those rights.

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including interest rates, repayment schedule, and other critical terms of the credit agreement.