Which of the following is a fixed cost of preparing meals?
a. dishwasher detergent
b. chicken
c. salad
d. a microwave oven
e. electricity
Question 2
For a person who owns and operates an automobile, insurance premiums are a __________ and maintenance and repairs are a __________.
a. revenue; cost
b. fixed cost; fixed cost
c. variable cost; variable cost
d. variable cost; fixed cost
e. fixed cost; variable cost
