________ are likely a fixed cost of a firm.

A) Utility costs
B) The costs of raw materials used in production
C) Mortgage payments for a new warehouse
D) Expenses for holiday office parties

Fixed Cost

Costs that do not vary with the volume of output produced, such as rent, salaries, or loan payments.

Mortgage Payments

Regular payments made to repay a loan taken out to purchase property, typically consisting of both principal and interest components.

Utility Costs

Utility costs are expenses for basic services such as electricity, gas, water, and telecommunications required for operating a business or maintaining a home.