Fixed cost is a cost:

A. Which changes in total in proportion to changes in output

B. which is partly fixed and partly variable in relation to output

C. Which do not change in total during a given period despite changes in output

D. which remains same for each unit of output

Answer: Option C

Solution(By Examveda Team)

Fixed cost is a cost which do not change in total during a given period despite changes in output. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.