<span>The carbon dioxide (CO2) is the response variable. When analyzing statistics it is important to understand the difference between independent and dependent (response) variables. In this example, the oil is the independent because it is being changed, whereas the carbon is the response because it 'responds' to the oil and the amount of oil that is used.</span>
<span>For individual taxpayers, deductible losses for tax purposes do not include personal losses. </span>
The answer in the space provided is inflation. This occurs
when the prices of the goods and services that are being served to the
consumers are at the high rate while it makes the purchasing power of the
currency to decrease or to fall.
A fixed cost is option(c) i.e, any cost that a firm would incur even if the output was zero.
<h3>What is
a fixed cost?</h3>
Fixed costs typically refer to expenses that are calculated based on time rather than the volume of goods or services that your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.
The fact that fixed costs are simple to budget is their biggest advantage. These prices are predictable throughout the course of each month, so you won't need to adjust your spending plan in the event that production surges.
The whole fixed cost will be provided by Adding up your variable costs and dividing by the number of units you generated to get your total cost of production.
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