Question

Insurance is an example of a(n)_______

A) fixed cost
B) opportunity cost
C) variable cost
D) none of the above

Answer 1

Based on my research I believe that the answer is A- Fixed cost

Explanation

Fixed cost are those cost which are not output dependent .

Fixed cost are fixed till certain level of output.

Fixed cost per unit charges with output.

I hope this was helpful

Answer 2

Based on my research I believe that the answer is 'A. Fixed Cost'.

Step-by-step explanation:

I hope this was helpful, have a blessed day.