Which of the following equations might be used to calculate the total cost of production of a car ( c) given the prices of components (m), wages (w) and other fixed costs (f)?
A) c = (m + w) x f
B) c = m x w - f
C) c = m + w + f
D) c = m - (w + f)

Question

Quizplus · Accepted Answer

The total cost of production of a car would include the sum of all its components' prices, wages, and other fixed costs, which is accurately represented by the equation c = m + w + f.

Which of the Following Equations Might Be Used to Calculate