Which one of the following costs is not relevant to the long-run ?
(A) Marginal cost (B) Average cost (C) Fixed cost (D) Variable Cost
Answers
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Answer:
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The correct answer is C
Explanation:
Fixed cost is the cost which do not change or not dependent on the level of the goods and services produced or manufactured by the business. As they are time related like the interest on the rents paid per month.
In the long run or period, there is no fixed costs as the long period is a sufficient time period for all the short run fixed inputs to become variable and also the fixed costs are short term.
You can learn more from here about fixed costs:
https://brainly.in/question/5432816
You can learn more from here about long run:
https://brainly.in/question/9194015
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