Fixed Costs Are

question 104

Multiple Choice

Fixed costs are

• A) costs that never change.
• B) costs that a firm incurs even when output is zero.
• C) not actually costs since they do not affect the decisions of a firm.
• D) costs that increase at a constant rate when output increases.

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Definitions:

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A trait or characteristic that existed in an ancestor and may be retained or altered in its descendants through evolution.

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A method in phylogenetics that seeks the simplest explanation or tree that requires the fewest evolutionary changes to explain observed data.