Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? The cost of cocoa (l mark); Business rates (local taxes) (1 mark); An advertising campaign for a new chocolate bar (1 mark); The cost of electricity (paid quarterly) for running the mixing machines (1 mark); Overtime pay (l mark).
Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? The cost of cocoa (l mark); Business rates (local taxes) (1 mark); An advertising campaign for a new chocolate bar (1 mark); The cost of electricity (paid quarterly) for running the mixing machines (1 mark); Overtime pay (l mark).
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 14SQ
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Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?
- The cost of cocoa (l mark);
- Business rates (local taxes) (1 mark);
- An advertising campaign for a new chocolate bar (1 mark);
- The cost of electricity (paid quarterly) for running the mixing machines (1 mark);
- Overtime pay (l mark).
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