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Economics Homework Six - Model (view source)

Revision as of 21:08, October 25, 2009

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1.  Fixed costs can be easily identified by seeing what the total costs are when output is _______.  Separately, give an example of a variable cost.
 
1.  Fixed costs can be easily identified by seeing what the total costs are when output is _______.  Separately, give an example of a variable cost.
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:Zero.  An example of a variable cost is an electric bill. Depending upon the business, the bill could be more or less during the month due to the increase or decrease of goods being made.  (Allie)
    
:Fixed costs can be easily identified by seeing what the total costs are when the output is zero. Variable cost are identified as the costs that help increase your output.  (Leonard)
 
:Fixed costs can be easily identified by seeing what the total costs are when the output is zero. Variable cost are identified as the costs that help increase your output.  (Leonard)
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