1. What are the three most common types of costs? 2. Is your basic cable bill...

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1. What are the three most common types of costs? 2. Is your basic cable bill a fixed or variable cost? 3. When you rent movies during the month, is the cost of the movies a fixed or variable cost? 4. What is the term used for costs that are both fixed and variable? 5. Give two examples of a fixed cost and two examples of a variable cost. 1. What are the three most common types of costs? 2. Is your basic cable bill a fixed or variable cost? 3. When you rent movies during the month, is the cost of the movies a fixed or variable cost? 4. What is the term used for costs that are both fixed and variable? 5. Give two examples of a fixed cost and two examples of a variable cost.

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