If the property tax rates are increased, this change in fixed costs will result in a decrease in the break-even point. True False

False

Explanation:

Fixed Cost is the cost incurred on fixed factors of production, incurred even at zero production level. Break Even point is the point at which total revenue = total cost, there are no profits.

Property being a fixed factor, property tax is a fixed cost. Increase in it increase fixed cost & hence total costs. So, total revenue needed to equalise total cost increases, & hence the break even point rather increases.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.