ECONOMICS

Detailed explanation-1: -Fixed costs do not vary with the production level. Total fixed costs remain the same, within the relevant range. However, the fixed cost per unit decreases as production increases, because the same fixed costs are spread over more units.

Detailed explanation-2: -Answer and Explanation: Fixed costs remain constant regardless of the level of output because they are operating expenses for a firm but they are not dependent on the activity of the firm. In addition, fixed expenses do not change so often.

Detailed explanation-3: -Fixed costs are expenses that a company pays that do not change with production levels. Rent is one example. Unlike fixed costs, variable costs (e.g., shipping) change based on the production levels of a company. Corporate Finance Institute.

Detailed explanation-4: -Fixed cost: A fixed cost remains constant in total amount, but changes, if expressed on a per unit basis, inversely with changes in volume. Mixed cost: A mixed cost contains both variable and fixed cost elements.

Detailed explanation-5: -Fixed costs do not change with changes in production. Fixed costs remain the same regardless of the amount of production. For example, the depreciation on an ethanol facility is the same regardless of whether the facility is operated at 75% of capacity or 100% of capacity.