Download App

Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Define fixed cost.
✓

Answer

Fixed costs are costs that do not change with change in output. Costs incurred on fixed inputs.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

How equilibrium price of a commodity is affected when demand increases less than the supply?
→
Define positive economics.
→
Give the meaning of positive economic analysis.
→
What is the nature of demand curve under monopoly?
→
Define price line.
→
AC falls only when MC falls. Do you agree?
→
State any three causes of rightward shift in supply curve.
→
Giving reason comment on the shape of Production Possibilities Curve based on the following schedule:
Good X (Units) Good Y (Units)
0 30
1 27
2 21
3 12
4 0
→
Give one reason for an 'increase' in supply of a commodity.
→
Define perfectly elastic demand.
→