Provide a short answer.If a company decides to make a new product, there are fixed costs and variable costs associated with this new product. Explain the differences of the two types of costs and why they occur. Use an example to illustrate your point.

What will be an ideal response?


Fixed costs occur only once. These costs may be startup costs related to the production of the new product. Variable costs depend on how much product is made. These costs may consist of labor, material, and maintenance.  

For example, a company decided to make oak filing cabinets. Fixed costs would include the costs of purchasing and renovating plant space and the cost of manufacturing equipment. Variable costs would include the cost labor and the cost of materials.

Mathematics

You might also like to view...

Solve the problem.Derive a series for ln(1 + x) for x > 1 by first finding the series for  and then integrating. (Hint:  )

A. ln x + 
B. ln x + 
C. ln x + 
D. ln x + 

Mathematics

Determine whether the expression is a polynomial. If so, write the polynomial in standard form. ? ?

A. ?Polynomial: 
B. ???Polynomial: 
C. ??Polynomial: 
D. ?Polynomial: 
E. ?The expression is not a polynomial.

Mathematics

Guess the rule used to change one number into another.

A. 3n + 1 B. 4n - 3 C. n2 - 3 D. None of the above is the correct rule.

Mathematics

Write as a fraction or as a mixed number%

A.  
B.
C.  
D.  

Mathematics