For Each of the Following Situations, Draw a Graph That

question 15

Essay

For each of the following situations, draw a graph that best describes the cost behaviour pattern. The vertical axis represents costs, and the horizontal axis represents volume.
a.Direct materials per unit
b.Depreciation expense on a building per unit
c.An employee paid £50 per hour with a guaranteed salary of £1,000 per week
d.A consultant paid £100 per hour with a maximum fee of £2,000
e.Salaries of teachers where each teacher can handle a maximum of 15 students

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Definitions:

Constitutional Monarchy

A system of government in which a monarch acts as head of state within the parameters of a written or unwritten constitution.

Confederation

A union of sovereign groups or states, united for purposes of common action often in relation to other states but with retained sovereignty.

Institutional Law

Laws and legal principles concerning the functioning and structure of organizations or institutions.

Order

In a parliamentary or legislative context, order refers to the rules and procedures according to which business is conducted and debates are structured.