Use the Following to Answer Questions

question 117

Multiple Choice

Use the following to answer questions :
A varies directly with B and inversely with C squared, and A = 93.75 when B = 20 and C = 1.2.
-Find the constant of variation.

• A) 1.125
• B) 11.25
• C) 112.5
• D) 0.1125

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Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or units sold, including expenses like rent, wages, and insurance premiums.

Short Run

A period in economic analysis where at least one factor of production is fixed, limiting adjustments to changes in demand or supply.

Long Run

A period in economics sufficient for all markets to reach equilibrium, where all inputs and outputs can be varied by firms, not constrained by existing physical capital.