Question

    Which cost represents the expenses that remain constant

    regardless of the quantity produced in the short run?
    A Variable costs Correct Answer Incorrect Answer
    B Total costs Correct Answer Incorrect Answer
    C Fixed costs Correct Answer Incorrect Answer
    D Marginal costs Correct Answer Incorrect Answer

    Solution

    Fixed costs are expenses that do not vary with the level of output or production in the short run and remain constant.

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