In a linear cost function,the fixed cost is ________.
A) dependent on the cost driver
B) dependent on the independent variable
C) independent of the cost driver
D) independent of the intercept

Question

Quizplus · Accepted Answer

In a linear cost function, fixed cost is constant and independent of the cost driver or independent variable. It is the cost that remains unchanged regardless of the level of output or activity.

In a Linear Cost Function,the Fixed Cost Is ________