Fixed Costs Are Best Defined as

question 42

Multiple Choice

Fixed costs are best defined as

• A) costs that do not vary with output.
• B) costs that are at a minimum when output approaches the firm's capacity.
• C) the amount that one more unit of output adds to total costs.
• D) costs that decline as output increases.

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Definitions:

Chlorophyll

A green pigment responsible for the absorption of light to provide energy for photosynthesis, found in the chloroplasts of green plants and some bacteria.

Heterotrophs

Organisms that obtain their energy by consuming other living or deceased organisms, unable to synthesize their own food.

Photosynthesize

The process by which green plants, algae, and certain bacteria convert light energy into chemical energy, producing oxygen as a byproduct.