ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).

Detailed explanation-2: -Examples of fixed expenses include: Rent or mortgage payments. Car payments. Other loan payments.

Detailed explanation-3: -Some examples of fixed expenses include: Mortgage or rent payments.

Detailed explanation-4: -Rent, rates and taxes is an example of direct expenses.

Detailed explanation-5: -Fixed costs are expenditures that do not change regardless of the level of production, at least not in the short term. Whether you produce a lot or a little, the fixed costs are the same. One example is the rent on a factory or a retail space.