Fixed costs are:
A)costs that depend on the quantity of output produced.
B)input costs that stay the same price per unit.
C)costs that don't depend on the quantity of output produced.
D)costs that are negotiated to stay the same throughout the life of a contract.

Question

Quizplus · Accepted Answer

Fixed costs are costs that do not vary with the level of output produced. They are incurred by a business regardless of how much goods or services it produces, such as rent, salaries, and insurance.

Fixed Costs Are