Some costs do NOT vary with the quantity of output produced.What are those costs called
A)marginal costs
B)average costs
C)fixed costs
D)incurred costs

Question

Quizplus · Accepted Answer

Fixed costs do not vary with the quantity of output produced. These costs are incurred regardless of the level of production and include things like rent, salaries, and insurance premiums. Marginal costs and average costs both vary with the quantity of output, while incurred costs is not a commonly used term in economics.

Some Costs Do NOT Vary with the Quantity of Output