Which of the following is most likely to be a fixed cost for farmer McDonald? Fertilizer
A)Gasoline
B)Fertilizer
C)Insurance
D)Seed

Question

Quizplus · Accepted Answer

Insurance is most likely to be a fixed cost for Farmer McDonald as it is an expense that he will incur regardless of how much he produces or sells. The cost of gasoline and seed may vary depending on the amount of land he needs to cultivate, while the cost of fertilizer may vary based on the type and amount needed for different crops.

Which of the Following Is Most Likely to Be a Fixed