Which of the following is an example of a fixed cost?
a. Cost of electricity for a production unit
b. Cost of electricity for a production unit
c. Raw material costs
d. Rent
Answer: d. Rent
Which of the following is an example of a fixed cost?
a. Cost of electricity for a production unit
b. Cost of electricity for a production unit
c. Raw material costs
d. Rent
Answer: d. Rent