ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cell Phone Payment
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Electricity
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Insurance coverage
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Rent
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Vet Bill for Dog
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Detailed explanation-1: -Typical household fixed expenses include: Mortgage or rent payments. Car payments. Real estate taxes.
Detailed explanation-2: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).
Detailed explanation-3: -Examples of Fixed Expenses Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance.
Detailed explanation-4: -Answer and Explanation: The answer is A. Rental costs for factory space are a fixed cost because the amount of output does not affect the amount the firm has to pay to rent the factory space.
Detailed explanation-5: -Rent or mortgage payments. Car payments. Other loan payments. Insurance premiums. Property taxes. Phone and utility bills. Child care costs. Tuition fees. More items •06-Apr-2022