A fixed cost is defined as

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    a cost that does not vary from time period to time period but does not have to be paid if the firm shuts down.
     a cost that is determined by a contract between the firm and a third party.
     a cost that varies with output levels, a portion of which must be paid if the firm shuts down.
     a cost that does not vary with output levels and is present whether the firm operates or shuts down.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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a cost that does not vary with output levels and is present whether the firm operates or shuts down.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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