Question

Costs of production that do not change when output changes.

Question 5 options:

fixed cost


total cost


total revenue


fixed income

Answer 1

fix cost would be the most probable

Answer 2

The answer is Fixed Cost.

Fixed costs are costs that do not change when output changes. Examples include insurance, rent, normal profit, setup costs and depreciation. Another name for fixed costs is overhead. Variable costs, also called direct costs, depend on output.