Economics · Cost Accounting
Which of the following best describes a fixed cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A cost which changes in total in direct proportion to changes in output
- 2A cost which is partly fixed and partly variable in relation to output
- 3A cost which does not change in total during a given period despite changes in the volume of output✓
- 4A cost which remains constant for each unit of output produced
Correct answer
A cost which does not change in total during a given period despite changes in the volume of output
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