Any cost that remains unchanged as output changes represents a firm's A. marginal cost. B. opportunity cost. C. fixed cost. D. variable cost. Any cost that changes as output changes represents a firm's A. sunk cost. B. overhead cost. C. fixed cost. D. variable cost. Which of the following is most likely to be a fixed cost for a farmer? A. wages paid to farm workers B. cost of fertilizer C. insurance premiums on property D. cost of seeds Which of the following is most likely to a variable cost for a business firm? A. property taxes B. rent on the office building C. interest on long-term outstanding bonds D. cost of shipping products
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