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How are fixed costs different from variable costs?

Fixed costs are costs associated with capital, such as machinery; variable costs are the cost of labor.

Fixed costs do not change no matter how much a business produces; variable costs do change.

Fixed costs only exist in command economies; variable costs only exist in market economies.

Fixed costs are the same for all businesses; variable costs apply to individual businesses alone.

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adebayodeborah8

Answer:

How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.

Explanation:

when a company decides to produce a  certain commodity fixed cost and variable costs are the main costs of  the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and  rental payment while Variable cost changes or varies  or with the amount of goods and services  produced by a company.e.g money paid for labour.

obash

Answer:

How are fixed costs different from variable costs?

Fixed costs are costs associated with capital, such as machinery; variable costs are the cost of labor.

Explanation:

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