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What is the term for costs that are incurred regardless of the level of production?

Practice Questions

1 question
Q1
What is the term for costs that are incurred regardless of the level of production?
  1. Variable Costs
  2. Fixed Costs
  3. Sunk Costs
  4. Opportunity Costs

Questions & Step-by-step Solutions

1 item
Q
Q: What is the term for costs that are incurred regardless of the level of production?
Solution: Fixed costs are incurred regardless of production levels.
Steps: 0

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