Summing all of the costs that do not change as output varies yields
A) variable costs.
B) fixed costs.
C) implicit costs.
D) explicit costs.

Name: Summing all of the costs that do not change as output varies yields A) variable costs. B) fixed costs. C) implicit costs. D) explicit costs.
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Question

Quizplus · Accepted Answer

Fixed costs do not change with output, while variable costs do change with output. Implicit costs are non-monetary opportunity costs, while explicit costs are monetary costs. Therefore, option B is the correct answer.

Summing All of the Costs That Do Not Change as Output