Fixed costs are those costs that increase as the level of production increases.

Name: Fixed costs are those costs that increase as the level of production increases.
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Fixed costs are costs that remain constant regardless of the level of production. Examples of fixed costs include rent, salaries, and insurance premiums. In contrast, variable costs increase as production increases, such as raw materials, wages for manufacturing staff, and shipping costs.

Fixed Costs Are Those Costs That Increase as the Level