Mike wants to set up a factory to manufacture roller skates.He plans to employ hundred people in his office.Mike's other expenses include rent, utilities, insurance, administrative salaries (for executives and higher-level managers), and depreciation of the physical plant and equipment.Rent, utilities, insurance, administrative salaries (for executives and higher-level managers), and depreciation of the physical plant and equipment constitute the:

Question

Quizplus · Accepted Answer

Fixed costs are expenses that do not change with the level of production, such as rent, utilities, insurance, administrative salaries, and depreciation.

Mike Wants to Set Up a Factory to Manufacture Roller