Fixed Costs: I

Multiple Choice

Fixed costs: I. are variable over long periods of time.
II) must be paid even if production is halted.
III) are generally affected by the amount of fixed assets owned by a firm.
IV) per unit remain constant over a given range of production output.

A) I and III only
B) II and IV only
C) I, II, and III only
D) I, II, and IV only
E) I, II, III, and IV