Explain, in brief, the various points of difference between fixed cost

1.	Explain, in brief, the various points of difference between fixed cost and variable cost.
Answer» Solution :Variable costs vary with the amount produced. Fixed costs remain the same, no matter how much OUTPUT a company produces. A variable cost is a company's cost that is ASSOCIATED with the amount of GOODS or SERVICES it produces. ... On the other hand, a fixed cost does not vary with the VOLUME of production.

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