The total fixed cost remains constant as which of the following varies?
A) cost of resources
B) time
C) output in a given period of time
D) profit

Question

Quizplus · Accepted Answer

Total fixed cost refers to the expenses that do not change with a change in output level. Therefore, it remains constant as output in a given period of time varies. The cost of resources (A) and time (B) can affect variable costs but not fixed costs. Profit (D) is dependent on both fixed and variable costs, so it cannot be the correct answer.

The Total Fixed Cost Remains Constant as Which of the Following