Question

fixed costs change depending on the volume of production. true false

Explanation:

Fixed costs are costs that do not change with the volume of production (within the relevant range). For example, rent for a factory is a fixed cost—it remains the same whether the factory produces 100 units or 1000 units. Variable costs, on the other hand, change with production volume. So the statement "Fixed costs change depending on the volume of production" is incorrect.

Answer:

False