ECONOMICS
DEMAND
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Rent or utilities.
|
|
|
demand or supply
|
|
|
none of them
|
|
|
None of the above
|
Detailed explanation-1: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs. Since you have to pay fixed costs regardless of how much you sell, you should be careful about adding fixed costs to your small business.
Detailed explanation-2: -Utilities are a variable cost because the amount of money spent may change depending on the amount of electricity and water used during the billable time period.
Detailed explanation-3: -Examples of fixed expenses include: Rent or mortgage payments. Car payments. Other loan payments.
Detailed explanation-4: -Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance. Property taxes. Internet and cable bills. Childcare expenses. 29-Aug-2022