QUESTION IMAGE
Question
the total fixed cost curve:
a. varies with the quantity of inputs used.
b. remains constant regardless of output.
c. increases with output.
d. decreases with output.
Brief Explanations
Total fixed costs are expenses that do not change with the level of production output, such as rent or equipment costs. They stay the same whether output is zero or at maximum capacity.
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b. remains constant regardless of output.