Which of the following is generally a fixed cost?
A)Property taxes on land used in production.
B)Wages.
C)Profit taxes.

Question

Quizplus · Accepted Answer

Property taxes on land used in production are generally fixed costs because they do not vary with the level of production or sales. Wages and profit taxes are typically variable costs because they can change depending on the amount of output or revenue generated by the business.

Which of the Following Is Generally a Fixed Cost