Repair Bills for Large Machinery May Include a Flat Fee

question 49

Multiple Choice

Repair bills for large machinery may include a flat fee for the visit to the company's premises plus additional labor charges per hour of repair work and various costs of replacement parts needed.What type of cost is the repair?

• A)Selling cost
• B)Variable cost
• C)Fixed cost
• D)Mixed cost

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Definitions:

N Th Term

A term in a sequence or series that is specified by its position (n), often expressed as a formula in terms of n.

Expansion

The process of simplifying expressions by removing brackets in algebra.

Binomial Coefficient

A numerical factor that multiplies the successive terms in the expansion of a binomial raised to a power, often denoted as C(n, k) or \( \binom{n}{k} \).

N Th Term

Refers to a specific element in a sequence that can be found using a formula, often used to determine patterns in sequences.