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Question
The cost remains same at all levels of output is called ______ cost.
Options
variable
fixed
flexible
urgent
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Solution
The cost remains same at all levels of output is called fixed cost.
Explanation:
Fixed costs mean costs that do not vary or remain constant within a given period of time and range of activity in spite of fluctuations in output.
RELATED QUESTIONS
Write a short note on direct costs.
Variable cost is a cost that ______.
Total variable cost per unit increases ______.
Which cost decreases with increase in the volume of output?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
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Fixed cost is a cost which remains same at ______.
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Sunk cost
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Give an example of opportunity cost.
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Classify cost according to its nature.
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Write short notes on Variable Costs.
