All of the following would be considered fixed costs for a producer EXCEPT which one?
A) raw materials
B) rent
C) insurance
D) property taxes

Question

Quizplus · Accepted Answer

Raw materials are considered variable costs, as they vary based on the level of production. Rent, insurance, and property taxes would all be considered fixed costs, as they do not vary based on the level of production.

All of the Following Would Be Considered Fixed Costs for a Producer