A fixed cost remains unchanged in total for a given time period, despite wide changes in the related level
of total activity or volume of output produced.

Name: A fixed cost remains unchanged in total for a given time period, despite wide changes in the related level of total activity or volume of output produced.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fixed costs, by definition, do not change with changes in volume of output produced. Therefore, the statement is true.

A Fixed Cost Remains Unchanged in Total for a Given