Which of the Following Formulas Is Incorrect

question 30

Multiple Choice

Which of the following formulas is incorrect?

• A) Forward =
• B) Forward =
• C) =
• D) Forward =

---

Definitions:

Variable Costs

Expenses that vary directly with the level of production or volume of output.

Snow-clearing

The process of removing snow from surfaces, like roads and walkways, to make them accessible and safe.

Perfectly Competitive

A market structure characterized by many buyers and sellers, all of whom have complete information and the products offered are homogeneous.

Marginal Cost

is the extra cost incurred by producing one more unit of a product or service.