Question

A distinction between fixed cost and a variable cost is valid (a) only in the long run (b) only in the short run ( c) only in the very short run (d) none of them​

Answer 1

Two types of venation are reticulate venation and parallel venation.

When the veins are irregularly distributed to form a channel, it is known as reticulate venation. When the veins are parallel and do not form a network, it is known as parallel venation.

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Answer 2

Answer:

Fixed Cost is definite; it will incur even when there is no units are produced. ... On the other hand, variable cost remains constant in per unit. Examples of fixed cost are rent, tax, salary, depreciation, fees, duties, insurance, etc. Examples of variable cost are packing expenses, freight, material consumed, wages, etc.