Question: Fixed cost refers to: q , the consideration exchanged for the ownership or use of a good or service. total expenses incurred in producing or
Fixed cost refers to:
the consideration exchanged for the ownership or use of a good or service.
total expenses incurred in producing or selling one additional unit of product.
the total expense incurred by a firm in producing and marketing a product or service.
expenses that are stable and do not change with the quantity of the product that is produced and sold.
the sum of the expenses that vary directly with the quantity of the product produced and sold.
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