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Economics miscellaneous

  1. Which of the following is not a fixed cost ?
    1. Salaries of administrative staff
    2. Rent of factory biilding
    3. Property taxes
    4. Electricity charges
Correct Option: A

Fixed costs are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such as salaries or rents being paid per month, and are often referred to as overhead costs. The salaries of administrative staff are variable costs.



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