Which of the Following Is Generally a Fixed Cost

question 44

Multiple Choice

Which of the following is generally a fixed cost?

• A)Property taxes on land used in production.
• B)Wages.
• C)Profit taxes.

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Definitions:

National Defense

Government and military activities and structures designed to protect a country against threats and maintain its sovereignty.

Basic Research

The fundamental investigation into the principles and reasons behind observable phenomena, without targeted applications.

Types of Goods

Classification of goods based on characteristics such as excludability, rivalry in consumption, and whether they are public, private, common, or club goods.

Negative Externalities

Costs suffered by a third party due to an economic activity, where those involved in the activity do not fully bear the cost.