A Company Its IT Equipment

question 3

Multiple Choice

A company its IT equipment. It notes the computers over 3 years old and those that are laptops. Which of the following statements is NOT true?

• A) Computers over 3 years old and laptops are not mutually exclusive
• B) The intersection of computers over 3 years old and laptops may be empty (no laptops over 3 years old)
• C) There are no items that could be in both sets
• D) The intersection of computers over 3 years old and laptops may contain all elements (all computers are over 3 years old and laptops)

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Definitions:

Total Variable Cost

The sum of all costs that vary with output level, including expenses such as labor and raw materials, but not fixed costs like rent.

Output

The total amount of goods or services produced by an individual, firm, or country.

Average Fixed Costs

The total fixed expenses of a business divided by the quantity of units produced, decreasing as production increases.