____ Would Be an Example of a Fixed Expense

question 81

Multiple Choice

____ would be an example of a fixed expense.

• A)Food
• B)Vacation
• C)Utilities
• D)Taxes
• E)None of these

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Definitions:

Industry

A classification of businesses that perform similar types of work or produce similar goods and services.

Output

The total amount of goods or services produced by a company or economy.

Marginal Social Cost

Sum of the marginal cost of production and the marginal external cost.

Air Pollutants

Substances in the air that can cause harm to humans and the environment.