ECONOMICS

Detailed explanation-1: -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: -Solution(By Examveda Team) An example of fixed cost rent for building. 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.

Detailed explanation-3: -Examples of Fixed Costs Fixed costs include any number of expenses, including rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.

Detailed explanation-4: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.

Detailed explanation-5: -Fixed costs are those costs which do not change with change in output. They remain constant at all levels of output. Example: Salary of the permanent staff and rent of the factory building, etc.