George Rentals offers machine rental services for concrete cutting. Consider the following costs of the company over the relevant range of 4,000 to 10,000 hours of operating time for its concrete cutting equipment.
-What is the estimated total fixed cost per hour at a volume 8,000 hours?
A) $10.25
B) $28.00
C) $24.00
D) $37.60
Correct Answer:
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