Which Equation Is NOT Correct

question 63

Multiple Choice

Which equation is NOT correct?

• A) TC = FC + VC
• B) ATC = AFC + AVC
• C) ATC = VC/Q
• D) AFC = FC/Q

---

Definitions:

Fair Labor Standards Act

A U.S. law that sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay, and limitations on child labor.

Gross Earnings

The total income earned by an individual or company before deductions such as taxes and retirement contributions.

Regular Earnings

Income received from standard work hours or salary, excluding overtime or bonuses.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance, a U.S. payroll tax that funds Social Security and is shared between employers and employees.