Which of the Following Would Be an Example of a Fixed

question 282

Multiple Choice

Which of the following would be an example of a fixed cost?

• A) the electric and gas bills
• B) wages paid to temporary workers
• C) property insurance premiums
• D) expenditures on imported raw materials

---

Definitions:

Correlations

A measure showing the extent to which two or more variables fluctuate together.

Illusory Correlation

The mistaken perception of a relationship between two events or variables that are actually unrelated.

Positively Correlated

A relationship between two variables where they move in the same direction, meaning as one variable increases, so does the other, and vice versa.

Scatterplot

A type of graph in which the values of two variables are plotted along two axes, the pattern of the resulting points revealing any correlation present.