Which of the following best describes a fixed cost? - Vidyadip

MCQ

Which of the following best describes a fixed cost?

✓
A cost that remains at the same level up to a particular level of output.
B
The cost changes with levels of output.
C
A cost that remains at the same level when output increases.
D
None of these

✓

Answer

Correct option: A.

A cost that remains at the same level up to a particular level of output.

A

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