Is a type of cost which does not vary with the unit of production and will remain constant irrespective of the number of unit sold. O A. Variable cost О В. Fixed cost о С. Оррortunity cost O D. Sunk cost

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.