Fixed costs (fc), Managerial Economics

Fixed Costs (FC)

These are costs which do not   vary with the level of production i.e. they are fixed at all levels of production.  They are associated with fixed factors of production in the Short Run.  Examples are rent or premises, interest on loans and insurance.

 

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Posted Date: 11/27/2012 7:25:22 AM | Location : United States







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