Total Fixed Cost

question 107

Multiple Choice

Total fixed cost

• A) increases as output increases.
• B) does not change as output changes.
• C) decreases as output increases.
• D) initially decreases and then increases as output increases.

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Definitions:

Equality

The state or condition of being equal, especially in status, rights, and opportunities.

Efficiency

The optimal allocation of resources in a manner that maximizes output or outcomes.

Equality

The state of being equal, especially in status, rights, or opportunities.

Society's Resources

The assets, both physical and intangible, available to a society or community for the purpose of production, development, and support.