ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Common examples of fixed costs are rental leases, mortgage payments, salaries of the employees, insurance payments, property taxes, interest expenses, depreciation costs, and some utility costs. The amount of fixed costs are predictable and contributes to budget balance.

Detailed explanation-2: -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-3: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Detailed explanation-4: -What Are Fixed Expenses? Typical fixed expenses include car payments, mortgage or rent payments, insurance premiums and real estate taxes. Typically, these expenses can’t be easily changed.

Detailed explanation-5: -Fixed costs include any number of expenses, including rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.