Which of the Following Is an Example of a Fixed

question 55

Multiple Choice

Which of the following is an example of a fixed cost?

• A) property taxes
• B) energy costs
• C) labour costs
• D) raw materials
• E) production inputs

---

Definitions:

Excise Tax

A tax levied on the sale of specific goods and services, such as tobacco, alcohol, and fuel.

Levied

Imposed or collected (usually a tax, fine, or other charge) by authority or force.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.

Luxury Tax

A tax imposed on expensive goods and services considered to be non-essential or luxurious.