Economy, asked by varunji29, 6 months ago

Define with an example each of Fixed Cost and Variable Cost.​

Answers

Answered by Anonymous
2

Answer:

Fixed costs are time-related i.e. they remain constant for a period of time. Variable costs are volume-related and change with the changes in output level. Depreciation, interest paid on capital, rent, salary, property taxes, insurance premium, etc. Commission on sales, credit card fees, wages of part-time staff, etc.

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