Darren Runs a Barbershop with Average Fixed Costs of $60

question 38

Multiple Choice

Darren runs a barbershop with average fixed costs of $60 per day and a total output of 50 haircuts per day.Darren shuts down every year during the last week of July and the first week of August (meaning it is open 50 weeks a year) .What is his annual fixed cost if he is open six days per week?

• A)$18,000
• B)$3,000
• C)$60
• D)The answer cannot be determined with the information available.

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Definitions:

Categorical Imperative

A concept developed by the philosopher Immanuel Kant as a way of evaluating motivations for action, stating that an action is morally right if it can be universally applied to everyone without contradiction.

Immanuel Kant

A German philosopher renowned for his work on the theory of ethics, particularly the concept of the categorical imperative, which asserts that actions are morally right if they can be universally applied.

Moral Stages

Describes the progression of moral reasoning and ethical behavior in humans, often conceptualized as a sequential development through specific stages.

Social Contract Theory

A philosophical concept suggesting that people agree, either explicitly or implicitly, to surrender some freedoms to an authority in exchange for social order and protection.