fixed costs

Definitions

Accounting

  • plural noun business costs which do not change with the quantity of the product made

Agriculture

  • plural noun costs such as rent which do not increase with the quantity of a product produced

Construction

  • These costs can be defined in two different ways. In total, fixed costs remain the same as volume changes. On a per unit basis, fixed costs decline as volume increases. Examples include office rent, administrative salaries, insurance, and office supplies.

Economics

  • plural noun costs paid to produce a product which do not increase with the amount of product made (such as rent or insurance)

Health Economics

  • (written as Fixed Costs)
    These are opportunity costs that do not vary with output rates and that therefore do not form a part of marginal cost.

Law

  • plural noun a set amount of money to which a claimant is entitled in legal proceedings

Travel

  • plural noun business costs which do not rise with the quantity of the product made or with the amount of business done by a restaurant or hotel
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