Answer:
True
Explanation:
Fixed cost is the cost which cannot be avoided and is not dependent on level of activity thus, if there is high fixed cost than variable cost, in that case with decrease in level of output the loss will rise rapidly.
Where variable cost is more than fixed cost, then the cost will only increase or incur when there is production accordingly in case of low sale or low production the loss will also be less, as accordingly cost will be less.
Therefore, the statement in question is TRUE
First He Can Saveup for a house for 2 years and(if he has a apartment Or a car) Then He can think about how much loner he/she can live then multiply the bills for water eletricty food ect. Hoped it helped
Current account
Saving account
The government has instituted a legal minimum price of $8 each for hamburgers. - Binding.
The government prohibits fast-food restaurants from selling hamburgers for more than $5 each. - Binding.
Due to new regulations, fast-food restaurants that would like to pay better wages in order to hire more workers are prohibited from doing so. - Binding.
<u>Explanation:</u>
For a country or an economy where the government is powerful and strong, there are certain rules and regulations made by the government to regulate the businesses and the organisations of the economy.
These rules and regulations are bound on the enterprise or the business and they can not move away or against this ruling of the government. They have to follow it or else there might be a punishment for them to be given by the government.
