According to Hobbes, When There Is a Breakdown in the Real

question 18

Short Answer

According to Hobbes, when there is a breakdown in the real world of the forces that preserve law and order, such as times of revolution, war, natural disaster, famine, and civil unrest, the human race returns to the ________, which is horrifying and gruesome.

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Definitions:

Variable Expense Ratio

A measurement that indicates the proportion of variable expenses to sales, showing how costs change with sales volume.

Break-even Point

The sales amount where the total income matches the total expenses, leading to neither profit nor loss for the company.

High-low Method

An analytical technique used in accounting and finance to estimate fixed and variable costs associated with business operations based on the highest and lowest levels of activity.

Fixed Cost

Costs that do not vary with the level of production or sales, remaining constant regardless of the amount of goods or services produced or sold.