Given the Cost Formula Y = $12,000 + $6X,what Is

question 43

Multiple Choice

Given the cost formula Y = $12,000 + $6X,what is the total cost at an activity level of 8,000 units?

• A) $12,000.
• B) $20,000.
• C) $48,000.
• D) $60,000.

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Definitions:

Forces Of Production

The means through which goods and services are produced in a society, including the labor, tools, and technology used.

Human Labour

The effort, physical or mental, that people contribute to the production of goods and services.

Means Of Production

The physical, non-human inputs like factories, machines, and tools used for the production of economic goods.

Human Behaviour

The range of behaviors exhibited by humans and which are influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.