Internet Usage Is LOWEST in This Income Group, by Household

question 52

Multiple Choice

Internet usage is LOWEST in this income group, by household income:

• A) less than $30,000.
• B) $30,000-$49,999.
• C) $50,000-$74,999.
• D) $75,000+.
• E) Internet usage is the same across all income groups.

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Definitions:

Fixed Expenses

Fixed expenses are consistent costs that do not vary with the volume of business activity, such as rent or salaries.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenues, indicating the company's profit.

Selling Price

The amount of money charged to the customer for a product or service.

Variable Manufacturing Costs

These are costs that vary directly with the level of production output, including expenses like raw materials and variable labor costs.