Fixed cost refers to:
A)the total expense incurred by a firm in producing and marketing a product or service.
B)the consideration exchanged for the ownership or use of a good or service.
C)the sum of the expenses that vary directly with the quantity of the product produced and sold.
D)expenses that are stable and do not change with the quantity of the product that is produced and sold.

Question

Quizplus · Accepted Answer

Fixed costs are expenses that remain constant and do not change regardless of the quantity of product produced and sold. Examples include rent, salaries, and insurance premiums.

Fixed Cost Refers To