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:

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Body Fat

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Metropolitan Life Insurance Company

A leading global provider of insurance, annuities, and employee benefit programs, serving 90 million customers in over 60 countries.

Desirable Weight

A weight considered optimal for health and well-being, based on factors like height, age, sex, and body composition.