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प्रश्न
Define fixed cost. Give an example.
Define fixed cost
उत्तर १
Fixed costs are the sum of total expenditure incurred by the producer on the purchase or hiring of fixed factors of production such as cost of plant and machinery.
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उत्तर २
Fixed cost is the cost which is incurred on buying fixed factors of production. It does not vary
with the level of output.
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Cost - Fixed Cost
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