Total fixed cost

A. may vary in the short run but is more or less fixed in the long run.
B. would be zero if the quantity produced were zero.
C. is the sum of all expenses that are closely related to output.
D. is the sum of all costs of manufacturing and distributing a product.
E. is the sum of those costs that do not change in total no matter how much is produced.


Answer: E

Business

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