Fixed Cost: Explanation, Formula, Calculation, and Examples
Fixed cost is a type of cost that does not change with an increase or reduction in production quantity. The company has to pay the fixed cost despite the number of units produced.
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Fixed cost is a type of cost that does not change with an increase or reduction in production quantity. The company has to pay the fixed cost despite the number of units produced.
In economic terms, the marginal cost is the increase in total production cost when producing one additional unit.
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