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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
____________ are not zero at zero level of output.
  1. Fixed costs.
  2. Variable costs.
  3. Marginal costs.
  4. Average variable costs.
Hint: Fixed cost cannot be avoided even if output is zero, e.g. rent of factory, salaries of permanent employees, municipal tax, etc.
✓

Answer

  1. Fixed costs.

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