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

---

Definitions:

Field of Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.

Profession

A profession refers to a type of job that requires specialized knowledge and often extensive academic or formal training.

Creativity

The ability to produce original and valuable ideas or solve problems in novel ways.