Answer:
A security system company's total production costs depend on the number of systems produced according to the following equation: Total Costs = $10,000,000 + $2000 * quantity produced. Given these data, which of the following is a false statement? a. There are economies of scale. b. There are fixed costs associated with this business. c.
Step-by-step explanation:
The equation for percentage increase is
{(New value - old value) / old value} x100%
Therefore it should be
{(22.5 - 19.5) / 19.5} x 100%
=15% (rounded to nearest whole number)
Answer is B
