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CBSE Class 12-commerce Answered

What are the difference between the fixed costs and the variable costs?
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
answered-by-expert Expert Answer

Fixed costs: Fixed costs do not change with change in quantity of output. It remains the same whether output is zero or maximum. For example, cost of machineries, rent and licence fee.

Variable costs: It changes with change in quantity of output. Its cost is zero when output is zero. For example, cost of raw materials and expenses on electricity.

Answered by | 25 Apr, 2016, 03:04: PM
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
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CBSE 12-commerce - Microeconomics
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CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
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CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 01:04: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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