Fixed Costs
5 practice questionsEngineering EconomicsStep-by-step solutions
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1
As production volume increases, the fixed cost per unit:
A.Increases
B.Decreases
C.Stays constant per unit
D.Becomes negative
2
Which of the following is a fixed cost?
A.Raw materials per unit
B.Monthly factory rent
C.Hourly wages tied to output
D.Packaging per item
3
At zero units of output, a firm's total cost equals its:
A.Variable cost
B.Fixed cost
C.Marginal cost
D.Zero
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