The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-With expansion in the level of output, total fixed cost:

Question

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-With expansion in the level of output, total fixed cost:

Quizplus · Accepted Answer

Total fixed cost remains constant regardless of the level of output because fixed costs do not vary with the level of production or sales. Examples include rent, salaries, and insurance.

The Below Figure Shows the Various Combinations of the Goods