MrDent Carr's Total Costs Are 2s² + 40s + 40

question 20

Multiple Choice

Mr.Dent Carr's total costs are 2s² + 40s + 40.If he repairs 10 cars, his average variable costs will be

• A)$60.
• B)$64.
• C)$80.
• D)$120.
• E)$40.

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Definitions:

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods four times a year.

Annual Percentage Rate

A measure that represents the actual yearly cost of funds over the term of a loan, including any fees or additional costs associated with the transaction.

Overdraft Fee

A charge imposed by a bank when a transaction exceeds the account's available balance, resulting in a negative balance.

Maintenance Fee

A periodic charge imposed by banks, credit unions, or HOAs to cover the cost of services or upkeep.