Fixed cost refers to:

Multiple Choice

$800$:$11$:$18$

the total expense incurred by a firm in producing and marketing a product or service.

the sum of the expenses that vary directly with the quantity of the product produced and sold.

:::

$$

the consideration exchanged for the ownership or use of a good or service.

$100\%$

expenses that are stable and do not change with the quantity of the product that is produced and sold.