Explain Whether Each of the Following Is a Fixed Cost

question 158

Essay

Explain whether each of the following is a fixed cost or a variable cost for Damian Dandridge's tattoo parlor.
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:

Y-Intercept

The point where a line or curve intersects the Y-axis of a graph, typically representing the value of the dependent variable when the independent variable is zero.

Linear Regression Equation

A formula representing a straight-line connection between one dependent and multiple independent factors.

Violent Behaviors

Actions that involve force intended to hurt, damage, or kill something or someone.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, morals, beliefs, and habits.