Which cost is to be incurred by a firm even if output is zero:
A)Opportunity cost
B)Fixed cost
C)Variable Cost
D)Total cost

Name: Which cost is to be incurred by a firm even if output is zero: A)Opportunity cost B)Fixed cost C)Variable Cost D)Total cost
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Question

Quizplus · Accepted Answer

Fixed costs are incurred by a firm regardless of its level of production, including when output is zero. These costs do not vary with the level of production activity. Examples include rent, salaries, and insurance.

Which Cost Is to Be Incurred by a Firm Even