In economics, a fixed cost is a cost thatdoes not vary with the level of output.goes down as the level of output goes up.goes up as the level of output goes up.is present only in the short run.

The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost…

In economics, a fixed cost is a cost that O does not vary with the level of output. O goes down as the level of output goes up. goes up as the level of output goes up. is present only in the short run.

In economics, a fixed cost is a cost that O does not vary with the level of output. O goes down as the level of output goes up. goes up as the level of output goes up. is present only in the short run.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...

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Question

In economics, a fixed cost is a cost that
does not vary with the level of output.
goes down as the level of output goes up.
goes up as the level of output goes up.
is present only in the short run.

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