Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

What are the difference between the fixed costs and the variable costs?

Asked by Topperlearning User 25th April 2016, 1:04 PM
Answered by 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 Expert 25th April 2016, 3:04 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Latest Questions

ICSE VIII Chemistry
Asked by Jolly.soren91 15th August 2018, 10:05 PM
ICSE VIII Physics
Asked by g.bachpan 15th August 2018, 9:26 PM
CBSE X Social Studies
Asked by samsarthak2 15th August 2018, 9:23 PM

Chat with us on WhatsApp