ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance. Property taxes. Internet and cable bills.

Detailed explanation-2: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Detailed explanation-3: -Typical fixed expenses include car payments, mortgage or rent payments, insurance premiums and real estate taxes. Typically, these expenses can’t be easily changed. On the plus side, they’re easy to budget for because they generally stay the same and are paid on a regular basis.

Detailed explanation-4: -Ownership costs (also called fixed costs) usually include depreciation, interest on borrowed money, license and insurance. In some situations you may want to include the cost of housing for the vehicle., you may want to include the cost of operator labor if it is paid on a monthly or annual basis.

Detailed explanation-5: -Fixed costs are those which do not depend on the distance traveled by the vehicle and which the owner must pay to keep the vehicle ready for use on the road, like insurance or road taxes. Variable or running costs are those that depend on the use of the car, like fuel or tolls.