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| fixed cost definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a cost that does not change, no matter how much of a good is produced | 20 sets | |
| 2 | cost of production that does not change when output changes | 5 sets | |
| 3 | does not change as business firm produces more units of a good | 3 sets | |
| 4 | the cost that a business incurs even if the plant is idle and output is zero | 3 sets | |
| 5 | a cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. if a fixed cost is expressed on a per unit basis, it varies inversely with the level of activity. | 3 sets | |
| 6 | expenses whose total does not change in proportion to the activity of a business | 3 sets | |
| 7 | a periodic charge that does not vary with business volume (as insurance or rent or mortgage payments etc.) | 2 sets | |
| 8 | the cost that a business incurs even if the plant is idle and the output is zero | 2 sets | |
| 9 | the cost that a business incurs even if the plant is idle output is zero. | 2 sets | |
| 10 | the sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold | 2 sets | |
| 11 | a cost that does not vary with the level of activity | 2 sets | |
| 12 | a cost that doesn't change, no matter how much of a good is produced | 2 sets | |
| 13 | cost thatd oes not change no matter how much of good is produced | 2 sets | |
| 14 | cost or expenses that are the same no matter how many units of a good are produced | 2 sets | |
| 15 | costs, or expenses that are the same no matter how many units of a good are produced, examples are mortgage payments and property taxes | 2 sets | |
| 16 | a cost that stays the same no matter how much business is done | 2 sets | |
| 17 | a contract where the price is established up front and there is no allowance for overruns. | 2 sets | |
| 18 | cost, or expense, that is the same no matter how many units of a good are produced. | 1 set | |
| 19 | expenses that buisness owners incur no matter how much money the produce | 1 set | |
| 20 | sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold. | 1 set | |
| 21 | cost or expenses, that are the same no matter how many units of goods are produced | 1 set | |
| 22 | does not change as business firms produce more units of a good. | 1 set | |
| 23 | a cost that does not change no matter how much of a good is produced | 1 set | |
| 24 | cost owners incur that vary little ie) rent | 1 set | |
| 25 | any cost that does not depend on the firms' level of output; incurred even if the firm is producing nothing | 1 set | |
| 26 | expense that stays the same no matter the # of units produced | 1 set | |
| 27 | cost that does not change no matter how much of a good is produced | 1 set | |
| 28 | a costs that does not change, no matter how much of a good is produced | 1 set | |
| 29 | a cost that does not change with changes in the volume of the activity | 1 set | |
| 30 | any production cost that is independent of the firm's rate of output | 1 set | |
| 31 | cost of production that doesn't change with the number of units produced | 1 set | |
| 32 | a cost incurred no matter how many units of a product are produced or sold | 1 set | |
| 33 | cost that doesnt change in total, eventhough the volume changes. (rent,insurance, salary, etc) | 1 set | |
| 34 | a cost that remains the same regardless of the amount of goods and services produced | 1 set | |
| 35 | _______ does not vary with production | 1 set | |
| 36 | expenses that do not change with level of output | 1 set | |
| 37 | overhead - same even if 0 output | 1 set | |
| 38 | remains constant in total over the relevant range of production | 1 set | |
| 39 | cost or expense that is the same no matter how many units of a good are produced | 1 set | |
| 40 | a cost that does not change as output is increased or decreased | 1 set | |