Component of total cost, which never changes with change in level of production is classified as?

Question

Component of total cost, which never changes with change in level of production is classified as?

fixed cost
constant
variable
both a and b

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: Option 1

Component of total cost, which never changes with change in level of production is classified as fixed cost. A fixed cost is an expense that does not change as production volume increases or decreases within a relevant range.

5 views Answered 2022-09-01 13:21