Write the Word or Phrase That Best Completes Each Statement

question 127

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-A spotlight has a parabolic cross section that is 6 ft wide at the opening and 2.5 ft deep at the vertex. Howfar from the vertex is the focus? Round answer to two decimal places.

• A)0.90 ft
• B)0.52 ft
• C)0.21 ft
• D)0.26 ft

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Definitions:

Average Total Cost

The total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.

Total Revenue

The total income a firm receives from selling its products; calculated as the quantity sold multiplied by the price per unit.

Total Cost

The sum of fixed and variable costs incurred by a business in the production of goods or services.

Profit

The financial gain achieved when the revenue gained from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.