Fixed costs __________________________.
A) Change as a function of the quantity of output produced.
B) (For a given time period) are constant no matter the quantity of output produced.
C) Change as a function of the next unit of output produced.
D) Comprise the sum total of all production expenses of the firm for some time period.
E) comprise the sum total of all production expenses of the firm for some time period, expressed relative to the total output produced for that same time period.

Question

Quizplus · Accepted Answer

Fixed costs are costs that do not change with the level of output produced. They remain constant over a specified period of time, regardless of the quantity of goods or services produced.

Fixed Costs __________________________