Ralph owns a pool store.His total costs are $225,000 per year,and his variable costs are $75,000 per year.This means that his fixed costs are

Name: Ralph owns a pool store.His total costs are $225,000 per year,and his variable costs are $75,000 per year.This means that his fixed costs are
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Question

Quizplus · Accepted Answer

Fixed costs are calculated by subtracting variable costs from total costs. Therefore, $225,000 (total costs) - $75,000 (variable costs) = $150,000 (fixed costs).

Ralph Owns a Pool Store