In economics, a fixed cost is a cost that
A) is present only in the short run.
B) goes up as the level of output goes up.
C) goes down as the level of output goes up.
D) does not vary with the level of output.
Answer: D
Economics
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Which of the following would be the best measure of the cost of living?
A) real GDP B) real GDP per person C) GDP deflator D) consumer price index
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