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      Question

      Which of the following is not the fixed

      cost?
      A Cost of raw materials Correct Answer Incorrect Answer
      B Rent of factory bidding Correct Answer Incorrect Answer
      C Property taxes Correct Answer Incorrect Answer
      D Lease of the land Correct Answer Incorrect Answer

      Solution

        Fixed cost is a cost that does not change with an increase or decrease in the number of goods or services produced or sold.

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