To Get Dependable Service from Your Equipment, You Will Need

question 13

True/False

To get dependable service from your equipment, you will need to do preventive maintenance and give your equipment routine care.

---

Definitions:

Total Cost

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.

Relevant Costs

Costs directly related to a specific decision, which will change as a result of that decision.

Average Cost

The total cost of production divided by the number of goods produced, representing the cost per unit of output.

Marginal Cost

The financial outlay for creating one further unit of a good or service.