Total Fixed Cost

Multiple Choice

Total fixed cost:

A) is the sum of all expenses which are closely related to output.
B) is the sum of those costs which do not change in total no matter how much is produced.
C) may vary in the short run-but is more or less fixed in the long run.
D) is the sum of all costs of manufacturing and distributing a product.
E) would be zero if the quantity produced were zero.