Fixed costs are costs that remain the same in total dollar amount as the activity base changes. vary with the costs of the activity. Read below on fixed costs.
<h3>What are fixed costs?</h3>
Fixed costs are costs that remain the same in total dollar amount as the activity base changes. Cost per unit changes inversely to changes in the activity base. Total cost remains the same regardless of changes in the activity base.
Therefore, the answer is option A. vary with the costs of the activity.
learn more about fixed costs: brainly.com/question/3636923
Answer: Number of months = 66.87 months
Explanation:
Given that,
Monthly Payment = $500
Interest rate(r) = 1.95% per month
Current Balance = $18,500
Number of months(t) = ?
![Current\ balance = Monthly\ payment\times(\frac{1-present\ value\ factor}{r})](https://tex.z-dn.net/?f=Current%5C%20balance%20%3D%20Monthly%5C%20payment%5Ctimes%28%5Cfrac%7B1-present%5C%20value%5C%20factor%7D%7Br%7D%29)
![Current\ balance = Monthly\ payment\times(\frac{1-\frac{1}{(1+r)^{t}} }{r})](https://tex.z-dn.net/?f=Current%5C%20balance%20%3D%20Monthly%5C%20payment%5Ctimes%28%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7Bt%7D%7D%20%7D%7Br%7D%29)
![18,500 = 500\times(\frac{1-\frac{1}{(1+0.0195)^{t}} }{0.0195})](https://tex.z-dn.net/?f=18%2C500%20%3D%20500%5Ctimes%28%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2B0.0195%29%5E%7Bt%7D%7D%20%7D%7B0.0195%7D%29)
![\frac{18,500}{500}\times0.0195=1-\frac{1}{1.0195^{t} }](https://tex.z-dn.net/?f=%5Cfrac%7B18%2C500%7D%7B500%7D%5Ctimes0.0195%3D1-%5Cfrac%7B1%7D%7B1.0195%5E%7Bt%7D%20%7D)
![\frac{1}{1.0195^{t}}=1-0.7215](https://tex.z-dn.net/?f=%5Cfrac%7B1%7D%7B1.0195%5E%7Bt%7D%7D%3D1-0.7215)
![1.0195^{t}=\frac{1}{0.2785}](https://tex.z-dn.net/?f=1.0195%5E%7Bt%7D%3D%5Cfrac%7B1%7D%7B0.2785%7D)
![1.0195^{t}=3.5906](https://tex.z-dn.net/?f=1.0195%5E%7Bt%7D%3D3.5906)
Taking log on both side
t log(1.0195) = log(3.5906)
![t = \frac{0.5551}{0.0083}](https://tex.z-dn.net/?f=t%20%3D%20%5Cfrac%7B0.5551%7D%7B0.0083%7D)
t = 66.87 months
Answer:
Decrease the money supply from $120 to $100
Explanation:
If the monetary authorities reduces aggregate demand from AD3 to AD2, money supply decreases from $120 to $100. This decrease will cause a decrease in consumer spending. There will be a reduction of price levels and real output.
This is also called contractionary monetary policy and it causes interest rate to be higher there by reducing investments.
Answer: Option D
Explanation: In simple words, price elasticity refers to the degree of change in demand of a commodity with respect to change in its price. It generally shows the fact that when the price of a commodity rises the demand for ti decreases due to various phenomenon coming into force such as income effect etc.
The price elasticity is calculated by dividing the change in quantity demanded with the change in price.
Answer:
His regular earnings ( based on regular rates) is $480 while his total earnings for the week ended March 15 is $738.
Explanation:
Regular rate = $12 per hour
Rate for hours in excess of 40 hours per week
= (3/2) × $12
= $18
Rate for hours for Sunday is double
= 2 × $12
= $24
During the week ended March 15, 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday
Period in excess of 40 hours during the week
= (9 × 5) + 4 - 40
= 9
Total regular earning = 40 × $12
= $480
Additional earnings = (9 × $18) + (4 × $24)
= $162 + $96
= $258
Total earnings = $480 + $258
= $738