Which of the following statements is incorrect? » MCQ Academy English

Managerial Economics

Which of the following statements is incorrect?

Fixed costs do not vary with output
Sunk costs are those costs that are forever lost after they have been paid
Fixed costs are always greater than sunk costs
Fixed costs could be positive when sunk costs are zero

Note

Which of the following statements is incorrect?Answer?Fixed costs are always greater than sunk costs.

Tags: The Production Process and Costs

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