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Consider the following food chain: hawk - rabbit - clover. Each species will contain a different amount of calories in its body (clover: 10 calories, rabbit: 500 and hawk: 1200) . Each species has a different daily caloric requirement (clover: sunlight, rabbit: 100 calories, hawk: 300) .
How many clover plants, per day, does it take to support a family of hawks (mom, dad and juvenile. Assume each hawk needs the same number of calories per day) ?
Fixed Costs
Fixed costs are expenses that remain constant for a company regardless of how much it produces or sells, such as rent, salaries, and insurance premiums.
Variable Costs
Costs that fluctuate in direct proportion to the amount of production or sales figures.
Fixed Costs
Overhead expenses that remain consistent regardless of changes in the level of production or sales activities.
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