Use the Following to Answer Questions

question 44

Multiple Choice

Use the following to answer questions :
-Land in the New World held by the Spanish crown.

• A)Acoma pueblo revolt
• B)Black Death
• C)Columbian exchange
• D)conquistadors
• E)creoles
• F)encomienda
• G)Incan empire
• H)New Spain
• I)Protestant Reformation
• J)Reconquest
• K)Tainos
• L)Treaty of Tordesillas

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.

Marginal Costs

The additional cost incurred from producing one additional unit of a product or service.

Break-even Quantity

The number of units that need to be sold for a business to cover its production costs, resulting in zero profit or loss.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent or salaries, remaining constant regardless of business activity.