Oakton Community College Fixed and Variable Costs Discussion
Question Description
I’m working on a economics discussion question and need an explanation and answer to help me learn.
Question- In March and April of 2020, most states issued some form of “Shelter in Place” order. During this time businesses had to make tough choices when looking at costs, which lead to some employees working from home or being let go. How does this effect the fixed and variable costs for businesses? Knowing what we do about the costs from chapter 11, what other costs could we see changing and why?
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