Describe Problems That Dual-Earner Couples Face and Provide Everyday Examples

question 40

Essay

Describe problems that dual-earner couples face and provide everyday examples for each problem.
Dual-earner couples have problems finding a balance between work and the rest of their life. If both partners work, maintaining a home becomes a problem, as do repairs. For example, who mows the lawn and who gets the groceries? Who stays home to meet the cable or utility company worker?

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Definitions:

Variable Cost

Costs that change in proportion to the level of goods or services produced by a business.

Contribution Margin

The gap between the income from sales and variable expenses, which serves to offset fixed expenses and produce earnings.

CVP Income Statement

An income statement format that organizes costs based on whether they are fixed or variable and is used in Cost-Volume-Profit analysis to determine how revenues, costs, and profits are influenced by changes in volume.