Which Equation Is Used by a Manager When Considering Total

question 112

Multiple Choice

Which equation is used by a manager when considering total cost?

• A) total costs (TC) = consumption (C) + investment (I) + government (G)
• B) total costs (TC) = average fixed costs (AFC) + number of workers
• C) total costs (TC) = average total costs (ATC)
• D) total costs (TC) = total fixed costs (TFC) + total variable costs (TVC)

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Definitions:

Annual Salary

The total earnings of an individual from their job before taxes and other deductions, calculated on a yearly basis.

Merchandise

Goods that are bought and sold in business.

Biweekly

Every two weeks.

Algebraically

Pertaining to the use of symbols and the rules for manipulating those symbols in mathematics to solve equations or express formulas.