Fixed costs are best defined as costs ____________ with the firm's output level over some period.
A)that will not vary
B)which vary directly
C)which vary inversely

Question

Quizplus · Accepted Answer

Fixed costs do not vary with the firm's output level over some period. They are constant regardless of the level of output. Examples of fixed costs include rent, salaries of permanent employees, insurance premiums, and property taxes.

Fixed Costs Are Best Defined as Costs ____________ with the Firm's