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According to the text, what is the distinguishing factor between fixed costs and variable costs in the short run?
  • a)
    Fixed costs remain constant, while variable costs change with output.
  • b)
    Fixed costs are incurred only when there is production, while variable costs must be paid regardless.
  • c)
    Fixed costs are directly related to the quantity of output, while variable costs remain fixed.
  • d)
    Fixed costs are related to long-run production, while variable costs apply to short-run production.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
According to the text, what is the distinguishing factor between fixed...
Fixed costs are the costs that must be paid by a firm whether or not there is any production. In contrast, variable costs change with the level of output. This distinction is important in understanding a firm's cost structure in the short run. Fixed costs are unavoidable, while variable costs depend on the level of production.
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According to the text, what is the distinguishing factor between fixed costs and variable costs in the short run?a)Fixed costs remain constant, while variable costs change with output.b)Fixed costs are incurred only when there is production, while variable costs must be paid regardless.c)Fixed costs are directly related to the quantity of output, while variable costs remain fixed.d)Fixed costs are related to long-run production, while variable costs apply to short-run production.Correct answer is option 'B'. Can you explain this answer?
Question Description
According to the text, what is the distinguishing factor between fixed costs and variable costs in the short run?a)Fixed costs remain constant, while variable costs change with output.b)Fixed costs are incurred only when there is production, while variable costs must be paid regardless.c)Fixed costs are directly related to the quantity of output, while variable costs remain fixed.d)Fixed costs are related to long-run production, while variable costs apply to short-run production.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the text, what is the distinguishing factor between fixed costs and variable costs in the short run?a)Fixed costs remain constant, while variable costs change with output.b)Fixed costs are incurred only when there is production, while variable costs must be paid regardless.c)Fixed costs are directly related to the quantity of output, while variable costs remain fixed.d)Fixed costs are related to long-run production, while variable costs apply to short-run production.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the text, what is the distinguishing factor between fixed costs and variable costs in the short run?a)Fixed costs remain constant, while variable costs change with output.b)Fixed costs are incurred only when there is production, while variable costs must be paid regardless.c)Fixed costs are directly related to the quantity of output, while variable costs remain fixed.d)Fixed costs are related to long-run production, while variable costs apply to short-run production.Correct answer is option 'B'. Can you explain this answer?.
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