Which of the following are likely to be fixed costs and which are variable costs?
1) Variable cost (i ll use VC) 2) FC 3) FC 4)FC 5)VC 6)VC in short run , but FC in the long run (FC if keep it simple) 7)FC (it is non-cash spending in accounting, but in economics you may consider it fixed cost) 8)FC (non-cash spending neither FC nor VC, simimlar to ques 7 9)floating rate it’s part of spending, i would say it’s FC even if the rate floats but the spending does not vary with the level of production.
