All of the Following Are Considered Fixed Costs Except

question 129

Multiple Choice

All of the following are considered fixed costs except

• A)property taxes.
• B)property insurance.
• C)tires used in production of cars.
• D)rent on the factory storage for finished goods.

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Definitions:

Budget Constraints

The limitations on the consumption bundles that a consumer can afford, given their income and the prices of goods and services.

Relative Prices

The price of one good or service compared to another, usually expressed as a ratio.

Price of Good

The amount of money required to purchase a specific product or service.

Affordable Consumption Options

Economically accessible choices available to consumers for goods and services within their budget constraints.