You and two friends decide to rent an apartment off campus.You have found an apartment for $750 per month.You and your two friends will share the rent equally.This is an example of a
A)Fixed cost.
B)Variable cost.
C)Mixed cost.
D)Step cost.

Question

Quizplus · Accepted Answer

The rent is a fixed cost because it does not change with the number of people sharing the apartment; it remains constant at $750 per month.

You and Two Friends Decide to Rent an Apartment Off