A television company uses a factory to manufacture one of its parts. The factory has a monthly fixed cost of $700 and an additional cost of $60 per part. If C is the total cost of using the factory for a month, and P represents the number of parts the factory manufactures in a month, which of these is the correct relationship between P and C? a. P= 700C + 60
b. C = 700P + 60
c. P=60C + 700
d. C = 60P + 700

the answer is D

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all group life insurance is term insurance. actually it is annual renewable term and it is rated on the average age and claims experience of the entire group, which is called "experience rating." remember, this type of insurance has a 31-day grace period and is convertible to whole life upon leaving employment. a contributory group plan requires that both the employer and the employees pay part of the premium. at least 75% of those eligible must participate, so the group is sure to get most of the healthy employees as well as those that are sick.

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