Question

Insurance is an example of a(n)_______


A) fixed cost
B) opportunity cost
C) variable cost
D) none of the above

Answer 1

Answer:

Based on my research I believe that the answer is 'A. Fixed Cost'.

Explanation:

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Answer 2

ANSWER

Based on my research I believe that the answer is A- Fixed cost

Explanation

Fixed cost are those cost which are not output dependent .

Fixed cost are fixed till certain level of output.

Fixed cost per unit charges with output.

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