Total fixed cost is the cost that

rises with every unit producedCorrect answerYour answerdoes not change with output in the short runCorrect answerYour answeris zero in the short runCorrect answerYour answeris paid only in the long runCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Fixed costs, such as rent on the factory or interest on a loan, must be paid even if output is zero.

Concept: Total fixed cost
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsFixed and variable cost

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Ten questions from Cost Curves, at your own pace.

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Total fixed cost is the cost that

Explanation