In Economics,the Term "Fixed Costs" Means

question 90

Multiple Choice

In economics,the term "fixed costs" means

• A)implicit costs.
• B)costs incurred in the past that involve no implicit costs.
• C)costs that are never accounted for.
• D)costs that do not vary with the level of output produced.
• E)opportunity costs.

Comprehending the importance of the marginal propensity to consume (MPC) and marginal propensity to save (MPS) and their relation.

Recognizing the impact of disposable income levels on consumption and saving behaviors.

Grasping the concept of autonomous consumption and its significance in economic analysis.

Appreciating the role of consumer attitudes towards saving and borrowing in shaping economic outcomes.