Question: If your university pays lecture note takers $20 per hour to take notes in your economics class and t hen sells subscriptions for $15 per

If your university pays lecture note takers $20 per hour to take notes in your economics class and t hen sells subscriptions for $15 per student, is the cost of the lecture note taker a fixed or variable cost of selling and additional subscription?

Step by Step Solution

★★★★★

3.44 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The note takers wage is a fixed cost which does not vary with ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

230-B-E-M-E (1332).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

In general, how is the cost of internally generated intangibles accounted for?

Is the cost of disposing of hazardous waste materials resulting from factory operations a product cost or a period cost? Explain.

Is the cost of funds obtained by finance companies very sensitive to market interest rate movements? Explain.

microeconomics Suppose your utility for having a net worth of m is (m) = In(m). Your net worth is $450,000. You are thinking about opening a Starbucks franchise, which will require an initial...

From a management perspective, formulate and explain your company's offensive or defensive strategy to improve its market position in the next 3 years. Explain whether your company will be a first...

If possible don't describe steps but otherwise show the excel calculations and results. At least the first part/question!!!!! should include one Excel file with the master budget and 2 dashboard...

1 ACC 303 MASTER BUDGET GROUP PROJECT Pocket Pieces, Inc. Raina and Marcelo became friends during their college years and bonded over their love of art, particularly all of the public units and...

8. Pocket Pieces pays quarterly dividends of $1,500. 9. Pocket Pieces will purchase additional equipment on the following schedule (depreciation is already included above): 10. Pocket Pieces has to...

Faculty of Business and Law aCADEMIC YEAR 2019/20 assessment brief Module Code: UMAD5H-15-2 Module Title: Accounting Information for Business Submission Deadline: 16 th July 2020 Assessment Component...

Given a 10-year bond that sold for $1,000 with a 13 percent coupon rate, what would be the price of the bond if interest rates in the marketplace on similar bonds are now 10 percent? Interest is paid...

1. In this program, suppose you have an array of 10 strings of equal size. Print each string on separate line. Hint: array byte "computer",0ah,0dh mov ebx, offset array mov ch, Rows

A cook uses fifteen 2-litre bottles of cooking oil in 4 weeks. If he decides to buy 5-litre tins of cooking oil instead, how many tins of cooking oil will he use over a 10-week period if the rate at...

Review the following and briefly describe it in no more than three lines, and an example that represents the concept asked below. a) Hydrophilic, hydrophobic. b) Indicate what characteristics the o-...

What do you understand by Biological buffer, examples in Biochemistry, how are they constituted.

Indicate the characteristics of the o- in the carbonyl. And an example.

Mention the important macromolecules in Biochemistry. And provide examples.

Briefly say what do you mean by supramolecular interactions and why are they important? provide 1 example.

What are some considerations before choosing a partner for your business? Name at least five. Is there anyone you might consider partnering with? Why? Why not?

How could a flat tax also be a progressive tax?

Why are excise taxes on items such as alcohol, tobacco, and gasoline considered regressive taxes?

What happens to the proportion of income paid as taxes when income rises, for a progressive tax? What is an example of such a progressive tax?

Thanks for the help answer correctly or I will dislike Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the revaluation...

In a memory ad for DIMMs, you notice 64Mb 72 for one DIMM and 64Mb 64 for another DIMM. What does the 72 tell you about the first DIMM?

A retail business spends a significant amount of time manually logging inventory. Which technology can the business implement to track inventory more efficiently and accurately? WSN O RFID O Wi-Fi O...