Which of the following best describes fixed costs?
a. They are always associated with labour.
b. They are costs that do not vary with output in the short run.
c. They are costs that do not vary with input.
d. They decline as output expands.

Question

25-06-2024
Business

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Which of the following best describes fixed costs?
a. They are always associated with labour.
b. They are costs that do not vary with output in the short run.
c. They are costs that do not vary with input.
d. They decline as output expands.

Sagot :

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