Jodi Recently Went into Business Producing Widgets

question 84

Multiple Choice

Jodi recently went into business producing widgets.Which of the following would be a fixed cost for her firm? 1.labour costs of $1000 per month
2.raw material costs of $5000 per month
3.a one-year lease on a building of $12 000

• A)1 only
• B)2 only
• C)3 only
• D)1 and 2
• E)2 and 3

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Definitions:

American Law Institute (ALI)

A prestigious, independent organization in the United States that produces scholarly work to clarify, modernize, and improve the law.

M'Naghten Rule

A legal principle used to determine whether a defendant was mentally capable of understanding the nature of their actions at the time of their crime, influencing criminal responsibility.

Uncontrollable Impulse Rule

A legal defense arguing that a defendant was unable to control their actions due to an overwhelming impulse, leading to criminal behavior.

Durham Rule

A legal standard used to determine insanity, which states that a defendant is not criminally responsible if their unlawful act was the product of mental disease or defect.