Asked by bentley romanski on Jul 12, 2024
Verified
________ cost is the cost that continues even if no units are produced.
Fixed Cost
A cost that does not change with the level of output or production, such as rent or salaries.
Units Produced
The quantity of finished goods that a production process creates over a specific time period.
- Understand the concepts of fixed and variable costs.
Verified Answer
BA
Learning Objectives
- Understand the concepts of fixed and variable costs.