Choose the One Alternative That Best Completes the Statement or Answers

question 22

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-Decide if the events A and B are mutually exclusive or not mutually exclusive, A die is rolled. A: The result is a 3.
B: The result is an odd number.

• A)not mutually exclusive
• B)mutually exclusive

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Definitions:

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.

Output

The quantity of products or services generated by an enterprise, sector, or economic system.

Physical Capital

Assets used in the production process that are physical in nature, such as buildings, machinery, and equipment.

Variable Costs

Expenses that vary directly with the amount of output or business operations.