What are fixed costs? Definition and meaning

fixed cost Answer: Fixed cost remains unaffected by a business's output or activity level This means the average overhead cost will be the same over a set

Fixed costs are costs that are not directly influenced by how much of a good or service is produced Learn more at Higher Rock Education cost of goods sold Average fixed cost is the fixed cost per unit of output As the total number of units of the good produced increases, the average fixed cost decreases because