Economy, asked by fghdst6153, 5 months ago

Briefly discuss the difference between fixed costs and variable costs.

Answers

Answered by LEGEND778
1

Answer:

Variable costs vary based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.

Explanation:

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