The relatively fixed costs such as the costs of plant and equipment, which do not increase with an increase in the number of units manufactured, are known as _____.
A)fixed cost of production
B)fixed cost of supply
C)fixed cost of demand
D)fixed cost of scale

Question

Quizplus · Accepted Answer

Fixed costs are expenses that do not change with changes in the level of production or sales volume, such as the cost of plant and equipment.

The Relatively Fixed Costs Such as the Costs of Plant