Home

What is the correct answer?

4

Of the following, which one corresponds to fixed cost?

A. Payments for raw materials

B. Labor cost

C. Transportation charges

D. Insurance premium on property

Correct Answer :

D. Insurance premium on property


Related Questions

Who is the author of Trade Cycle ? Opportunity costs are also known as: If cross-elasticity of one commodity for another turns out to be zero,… In perfect cartel, the: According to Marshallian approach, utility: The optimum level of output in long run takes place where: Economic laws are: The firm in cournot model: In Edgeworth model, prices oscillate between: The cost that a firm incurs in purchasing or hiring any factor of production… The number of firms in monopolistic competition normally range between: Equilibrium of a discriminating monopolist requires the fulfillment of… In the case of superior (normal) commodity, the income elasticity of demand… In the long-run competitive equilibrium, the theory predicts that: There is no difference between fixed and variable factors in the: Under the law of variable proportions, the average and the marginal product… The giffen paradox is an exception to law of: Supply of a commodity refers to: Most of the supply curves with which the average consumer deals are: In Edgeworth model, price remains: The standard form of demand function is: A decrease in demand lowers the price the most: In constant sum game (zero sum game), if there are two parties then: The advertisement and other selling activities: A firm is a sum of persons who convert: In monopolistic competition, the cost curves of all firms are: Rotten eggs are: The proportionality rule in production requires that the ratios of MP… Inputs or Factors of production are defined as: A demand curve which is horizontal and parallel to x-axis represents: