In Economics,the Term "Fixed Costs" Means

question 109

Multiple Choice

In economics,the term "fixed costs" means

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

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Definitions:

Specific Person

An individual characterized by unique attributes or circumstances, often highlighted in studies or examples to illustrate a particular point.

More Intense

A higher degree of strength, concentration, or force in an activity, situation, or characteristic.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience.

Fleeting

Refers to something that lasts for a very brief time; transient or short-lived.