Fixed costs a. are equal to explicit costs plus implicit costs. b. are the same

Question

Fixed costs a. are equal to explicit costs plus implicit costs. b. are the same as total costs for any level of output greater than zero. c. do not vary with output. d. are another name for sunk costs. Fixed costs are equal to explicit costs plus implicit costs. are the same as total costs for any level of output greater than zero. do not vary with output. are another name for sunk costs. a. are equal to explicit costs plus implicit costs. b. are the same as total costs for any level of output greater than zero. c. do not vary with output. d. are another name for sunk costs.

Explanation / Answer

Fixed costs

b.are the same as total costs for any level of output greater than zero.

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