Explain Whether Each of the Following Is a Fixed Cost

question 200

Essay

Explain whether each of the following is a fixed cost or a variable cost for Damian Dandridge's tattoo parlour.
a.The payment he makes to buy tattoo ink.
b.The wages he pays his employees.
c.The $500-per-month payment he makes to advertise his shop on highway billboards.
d.The lease payment he makes to the landlord who owns the building where his shop is located.
e.The payment he makes on his liability insurance policy.
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Definitions:

Mainstreaming

The practice of including students with special educational needs in regular educational settings.

Self-fulfilling Prophecy

A belief or expectation that indirectly or directly causes itself to become true, due to positive feedback between belief and behavior.

Learning Disability

A neurological disorder that affects a person's ability to process, store, and produce information, impacting learning in areas such as reading, writing, and math.

Reaction Time

Reaction time is the amount of time it takes for a person to respond to a stimulus, indicating the speed of cognitive processing and physical response.