Question

a cost that does not change is known as:
○ total cost
○ profit
○ fixed cost
○ variable cost
question 7
a government payment to support a business is called a(n):
○ subsidy
○ subnation
○ subway sandwich
○ excise tax

Explanation:

1. For the first question: Total cost is the sum of all costs, profit is revenue minus costs, variable cost changes with output, while fixed cost stays constant regardless of production volume.
2. For Question 7: A subnation refers to a regional entity, a subway sandwich is a food item, an excise tax is a government levy, while a subsidy is a government payment to support businesses or industries.

Answer:

1. Fixed cost
2. Subsidy