In each of the following descriptions, describe the firm’s fixed costs and variablecosts.

a. A bookmaker has a lot of large printing presses in a warehouse she rents, andshe buys paper and pays workers to make the books.

b. Gerald makes handcrafted wooden chairs. He buys the wood and screws, andhe had to take several expensive classes teaching him how to make the chairssafely.

c. A taxi driver pays every day to rent the taxi from the taxi company, and thenhe pays for gas and spends his own time picking up fares.