Sam's total expenses last month were $1840. What was his total variable cost for last
1 answer:
Answer:
$1500
Step-by-step explanation:
It is given that
Rent = $100
Groceries and drinks = $1000
Insurance premiums = $10
Loan interest payment =$30
Clothes = $200
Utilities = $300
Home security fee = $200
Fixed cost are costs that does not vary and variable cost are costs that vary with goods and services.
In the given problem, rent , insurance premiums, loans interest payment ad home security fee are fixed cost.
Groceries and drinks, clothes and utilities are variable cost.
So, total variable cost for last month is
Therefore, total variable cost for last month is $1500.
You might be interested in
<h3>Answer: B. (-1, 0)</h3>
This point is below both the red diagonal line and the blue parabola. We know that the set of solution points is below both due to the "less than" parts of each inequality sign.
In contrast, a point like (2,2) is above the parabola which is why it is not a solution. It does not make the inequality true. So this is why we can rule choice A out.
Choice C is not a solution because (4,1) does not make true. This point is not below the red diagonal line. We can cross choice C off the list.
Choice D is similar to choice A, which is why we can rule it out as well.