Which of the Following Equations Might Be Used to Calculate

question 10

Multiple Choice

Which of the following equations might be used to calculate the total cost of production of a car ( c) given the prices of components (m) , wages (w) and other fixed costs (f) ?

• A) c = (m + w) x f
• B) c = m x w - f
• C) c = m + w + f
• D) c = m - (w + f)

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