SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Industrial Organisation 2022

» Start this Course
(Practice similar questions for free)
Question:

What is a fixed cost?

Author: Hjalmer Pedersen



Answer:

Fixed cost (FC) = Costs associated with fixed inputs used in production and do not vary with output.


0 / 5  (0 ratings)

1 answer(s) in total