Question

Fixed costs classified according to the time frame perspective are known as

Answer 1

Fixed costs classified according to the time frame perspective are known as sunk costs.

Step-by-step explanation:

Fixed costs classified according to the time frame perspective are known as sunk costs. Sunk costs are costs that cannot be changed or altered in the short run. These costs are incurred by a firm before producing any output and do not vary with the level of production.