Give economic term : Cost incurred on fixed factors.
Q.1 (B) (iii) Give economic term : Cost incurred on fixed factors.
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Answer: Fixed cost (supplementary cost / overhead cost)
Fixed cost is the cost incurred on fixed factors of production such as rent of the factory, interest on capital, insurance premium and salaries of permanent staff. It remains the same whatever the level of output, even at zero output.
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· 28 Oct 2026
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