The Geometric Average of -12%,20% and 25% Is _________

question 71

Multiple Choice

The geometric average of -12%,20% and 25% is _________.

• A) 8.42%
• B) 11.00%
• C) 9.70%
• D) 18.88%

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor, in contrast to fixed costs.

Total Cost

The complete sum of all expenses incurred by a business or individual in producing a good or service.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, or insurance premiums.

Fixed Cost

Costs that do not change with the volume of production, such as rent, salaries, and equipment leases.