A Fixed Cost Is

question 23

Multiple Choice

A fixed cost is

• A)the cost of any input with a fixed price per unit.
• B)a cost which increases in a fixed proportion as output increases.
• C)a cost that does not vary with output and the firm must pay it even if output is zero.
• D)a cost that does not vary with output but the firm can avoid paying it if output is zero.

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Definitions:

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A diagnosis given when an individual has the Human Immunodeficiency Virus, which can lead to AIDS if untreated.

Kaposi's Sarcoma

A type of cancer that forms in the lining of blood and lymph vessels and is often associated with HIV/AIDS.

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A type of cancer that begins in the tissues of the pancreas, an organ in the abdomen that secretes enzymes aiding digestion and hormones that help manage blood sugar.

Lymphoma

A type of cancer that originates in the lymphatic system, which is part of the body's germ-fighting network, leading to abnormal growth of lymphocytes.