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Question
Rent of an office premises is an example of ______.
Options
Semi-variable Cost
Semi-fixed Cost
Fixed Cost
Variable Cost
MCQ
Fill in the Blanks
Solution
Rent of an office premises is an example of Fixed Cost.
Explanation:
Rent is an example of a fixed cost since it must be paid even at the point of zero production and does not change based on the quantity of the goods produced.
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Fundamental Concept of Cost
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