Fixed costsa. are equal to explicit costs plus implicit costs. b. do not vary as output varies. c. are the same as total costs for any level of output greater than zero. d. are another name for sunk costs.
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Home » Business » Fixed costsa. are equal to explicit costs plus implicit costs. b. do not vary as output varies. c. are the same as total costs for any level of output greater than zero. d. are another name for sunk costs.