📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Important Agriculture Q Questions

    Relevant for Exams:

    ask-question