Short-run costs that do not change as output increases or decreases are ________ costs.
A) explicit
B) fixed
C) empirical
D) marginal
E) primary

Question

Quizplus · Accepted Answer

Fixed costs remain constant regardless of changes in output level in the short-run. Explicit costs are actual monetary expenses. Empirical costs refer to data collection and analysis costs. Marginal costs refer to the additional cost incurred when producing one more unit of output. Primary costs is not a relevant term in economics.

Short-Run Costs That Do Not Change as Output Increases or Decreases