When Carrying Costs Are Stated as a Percentage of Unit

question 85

Multiple Choice

When carrying costs are stated as a percentage of unit price, the minimum points on the total cost curves

• A)line up.
• B)equal zero.
• C)do not line up.
• D)cannot be calculated.
• E)depend on the percentage assigned.

---

Definitions:

Legal Tender

Currency that must be accepted if offered in payment of a debt by law.

Mechanic

A skilled worker responsible for repairing and maintaining machinery, vehicles, and other equipment.

Exemption Clause

A provision in a contract that limits or eliminates one party's liability for certain acts or omissions.

Illegal Restraint

Actions or practices that unlawfully restrict an individual's freedom of movement or personal liberty.