The state legislature has just passed a law that imposes a ...

[vHAUNG6011]

The state legislature has just passed a law that imposes a value-added tax on manufacturers.
  For each unit a firm manufactures, it must pay the state a percentage of the value of the
  item. What kind of cost is this?

 
 

a. Fixed
  b. Variable
  c. Semivariable
  d. Inflexible
  e. Unilateral

Question 2

The accounts payable clerk at White Industries just received a bill for insurance on the plant
  that must be paid despite the fact that the plant has been shut down for the past two months.
  This is an example of what is called a

 
 

a. semivariable cost.
  b. variable cost.
  c. fixed cost.
  d. unilateral cost.
  e. inflexible cost.

[Mollythedog]

Answer to Question 1

B

Answer to Question 2

C

[vHAUNG6011]

Thanks for the timely response, appreciate it

[jamesnevil303]

TYSM