Help new American industries compete with large established European factories. During the early days of industrialization, many members of Congress believed that tariffs were necessary to help new American industries compete with large established European factories.

3 0

2 years ago

Problem Set 3.2

djverab [1.8K]

Answer:

Fixed costs do not change as a result of a change in the production amount but variable costs do. So long as the item changes as a result of production, it is a variable cost.

1. Rent ⇒ Fixed

Once rent is paid, it will not change regardless of the quantity produced.

2. Thread ⇒ Variable

In an apparel shop like this one, more thread is needed to produce more clothes so this is a variable cost.

3. Buttons ⇒ Variable.

More buttons are needed for more clothes to be made.

4. Wages ⇒ Variable

Wages will change if more clothes need to be produced.

5. Electricity ⇒ Variable

Cost will change if more clothes are manufactured because more electricity will be used.

6. Cloth ⇒Variable

7. Equipment Rent ⇒ Fixed

This will not change regardless of production level just like rent.

8. Shipping Costs ⇒ Variable Cost

More clothes means more shipping costs to transport them.

9. Insurance ⇒ Fixed cost

10. Property Taxes ⇒ Fixed cost

This does not change regardless of production level as it is based on the property, not production.

Production Fixed cost Variable Total

0 5 0 5

1 5 6 11

2 5 9 14

3 5 13 18

4 5 18 23

5 5 25 30

6 5 34 39

7 5 49 54

8 5 68 73

4 0

2 years ago

What was a primary challenge faced by the Jamestown colonists during the first few years? (1 point)

PolarNik [594]

They lacked knowledge about the land and how to use their environment to survive.

6 0

2 years ago

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