_____ does not change as output is increased or decreased.
A)Marginal cost
B)Dependent cost
C)Fixed cost
D)Opportunity cost

Question

Quizplus · Accepted Answer

Fixed cost is a cost that does not change with the level of output. It is a constant cost that is incurred regardless of the level of production. Marginal cost, on the other hand, tends to decrease as output increases because of economies of scale, while dependent cost and opportunity cost vary with the level of output in different ways.

_____ Does Not Change as Output Is Increased or Decreased