Costs which do not change as output changes are called
A) marginal costs
B) variable costs
C) fixed costs
D) accounting costs
E) short run costs

Question

Quizplus · Accepted Answer

Fixed costs are those costs that do not vary with changes in output or production level. They remain constant over a period of time. Marginal costs refer to the cost of producing an additional unit while variable costs are expenses that change in proportion to the activity or level of production. Accounting costs refer to the total cost of producing goods or services, including fixed and variable costs, while short run costs refer to costs that can be changed in the short term, such as variable costs.

Costs Which Do Not Change as Output Changes Are Called