Define a Variable Cost and a Fixed Cost

question 124

Essay

Define a variable cost and a fixed cost.What causes changes in these costs? Give two examples of each.

---

Definitions:

Ironic Processing

The idea that the more we try not to think about something, the more those thoughts enter our mind and distract us from other things.

Distract Us

Activities or stimuli that divert attention away from a primary task or focus.

Direction

Guidance or instructions on how to proceed, or the course along which something moves.

Energy

The capacity to do work or produce change in physical or other systems, manifesting in forms like heat, light, mechanical, electrical, or chemical energy.