Question
3 kind of costs of room and board
Answer
1. Fixed costs: These are costs that remain constant regardless of the number of occupants in the room, such as rent, property taxes, and insurance.
2. Variable costs: These are costs that change based on the number of occupants in the room, such as utilities, food, and cleaning supplies.
3. Indirect costs: These are costs that are not directly related to the room and board, but are still incurred by the institution providing the service, such as administrative costs and maintenance expenses.