Rent of 10000 paid per month for renting a building is an ex

Rent of $10,000 paid per month for renting a building is an example of a(n): a. opportunity cost b. fixed cost. Oc d. marginal cost.

Solution

Rent of $10,000 paid per month for renting a building is an example of fixed cost. Since, the rent is not dependent on units produced, therefore, rent should be treated as fixed cost.

Answer is \"Fixed cost\"

The scatter plot method of cost estimation uses the least squares method.

Answer is \"uses the least squares method\"