Total fixed cost is the sum of all
A) costs associated with the production of goods.
B) costs of the firm's fixed factors of production.
C) costs that rise as output increases.
D) the marginal costs of the different factors of production.

Question

Quizplus · Accepted Answer

Total fixed cost refers to the expenses that do not change with the level of output produced, which are associated with the firm's fixed factors of production, such as rent, salaries, and equipment maintenance.

Total Fixed Cost Is the Sum of All