ECONOMICS

Detailed explanation-1: -Fixed costs tend to be costs that are based on time rather than the quantity produced or sold by your business. Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs.

Detailed explanation-2: -A common example of a fixed cost is rent because rent stays constant regardless of the quantity of goods or services produced. Some other examples of fixed costs include: Lease payments. Rent or mortgage payments.

Detailed explanation-3: -Fixed costs can include property taxes, rent, salaries and the cost of benefits for non-sales and management personnel. They are one of three types of costs incurred by most businesses.

Detailed explanation-4: -Answer and Explanation: Rent on a factory building is a fixed cost. Rent on a factory building is a fixed cost because the rent has to be paid even if the goods or services are not produced in the factory.

Detailed explanation-5: -Fixed cost is a business expense that does not change regardless of the activity level of the business. Examples of fixed costs include rent, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.