ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Fixed costs are less controllable in nature than the variable costs as they are not dependent on the production factors such as volume. The different examples of fixed costs can be rent, salaries, and property taxes.

Detailed explanation-2: -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-3: -Fixed costs may include lease and rental payments, insurance, and interest payments.

Detailed explanation-4: -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-5: -Fixed costs can include property taxes, rent, salaries and the cost of benefits for non-sales and management personnel. They are one of three types of costs incurred by most businesses. The others are variable and semi-variable costs.