Answered

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Your expenses exceed your income. You should cut back your:

A. fixed costs
B. variable costs
C. opportunity costs
D. budget

Sagot :

GinnyAnswer

Final answer:

In budgeting, adjusting fixed and variable costs is crucial to manage expenses effectively.


Explanation:

Expenses for individuals can be categorized into fixed costs and variable costs. Fixed costs, such as rent and insurance, remain constant while variable costs, like groceries and dining out, can fluctuate. If expenses exceed income, it is advisable to cut back on fixed costs and variable costs to maintain financial stability.


Learn more about Budgeting and Expense Management here:

https://brainly.com/question/29491673


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