A fixed cost is a cost that does NOT increase in total as output increases and does NOT decrease in total as output decreases.

Name: A fixed cost is a cost that does NOT increase in total as output increases and does NOT decrease in total as output decreases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A fixed cost remains constant regardless of changes in the level of production or sales. It is a cost that a business will incur regardless of the quantity of goods or services it produces or sells.

A Fixed Cost Is a Cost That Does NOT Increase