Which of the Following Is the Total Mixed Cost Equation

question 63

Multiple Choice

Which of the following is the total mixed cost equation for a factory where machine operating costs include $300,000 of machine depreciation per year,plus $70 of utility costs for each day the machinery is in operation?

• A)Y = $300,000 + $70X
• B)Y = 300,000X
• C)Y = $70X
• D)Y = $300,000 - $70X
• E)None of the answer choices is correct.

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Definitions:

Minimum Wage

The lowest legal hourly wage that employers can pay to workers, set by government regulation.

Labor Shortage

A situation in which employers have difficulty filling vacancies because there are not enough available workers with the necessary skills.

Unemployment

The situation where individuals who are capable of working and are actively seeking employment are unable to find a job.

Binding Price Ceiling

A government-imposed maximum price on goods or services that is set below the market equilibrium price, leading to shortages.