Question

is not related to the level of output

Answer 1

Answer:

fixed factors of production like land meachinery etc.

Answer 2

Fixed cost is not related to the level of output.

• The total cost of production includes two types of costs fixed cost and variable cost.
• The fixed cost is a type of cost that remains constant no matter how much the output changes.
• The variable cost fluctuates with respect to the change in the output produced.
• The fixed costs include costs regarding the machinery, rent, etc.