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Question
Fixed cost is a cost which remains same at ______.
Options
All levels of output
Even zero level of output
Both all levels of output and even zero level of output
Neither all levels of output nor even zero level of output.
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Solution
Fixed cost is a cost which remains same at Both all levels of output and even zero level of output.
Explanation:.
Fixed costs remain constant within a given range of activity and a given time period in spite of changes in output volume.
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