Question

If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As output is increased or decreased, these _______ costs remain unchanged. a. dependent b. fixed c. opportunity d. marginal

Name: if a company rents a warehouse it must pay rent for the warehouse whether it is full of inventory or completely vacant other examples include executives salaries interest expenses depreciati 77726
Uploaded: 2022-04-17T08:26:50-08:00
Duration: 1 min 33 s
Channel: Chandra Jain
Description: if a company rents a warehouse it must pay rent for the warehouse whether it is full of inventory or completely vacant other examples include executives salaries interest expenses depreciati 77726

          If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As output is increased or decreased, these _______ costs remain unchanged.
a. dependent 
b. fixed 
c. opportunity 
d. marginal

Added by Brandon C.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Chandra Jain

04/17/2022

Step 1

The costs mentioned, such as rent for a warehouse, executive salaries, interest expenses, depreciation, and insurance expenses, are costs that remain the same regardless of the level of output. These are known as fixed costs. Show more…

Show all steps

Thanks for your feedback!

If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As output is increased or decreased, these _______ costs remain unchanged. a. dependent b. fixed c. opportunity d. marginal