The cost on the fixed factors of production changes with the change in output? may be , sometimes,true, false
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true or false someime may be
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The cost of the fixed factors of production changes with the change in output - False.
- If there are no variable costs, the shift in the overall cost is always null.
- The marginal cost of output calculates the change in the overall cost in relation to the change in the amount of output, and the fixed cost does not change in relation to production.
- Fixed costs are those that do not differ from production, usually including rentals, insurance, depreciation, cost of set-up etc.
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