Car payment $300 cell phone $ 47 (you pay only for what you use each month). food $ 95 rent $225 gas $103 insurance $ 75 . Total fixed expenses are: $600
It is calculated as:
Fixed expenses= car payment+ rent+ insurance
=300+225+75
=600$
The term fixed cost refers to the cost which does not change with an increase or any decrease in the number of goods and services which are produced and sold.
Fixed costs are expenses which have to be paid by the company, independent of any specific business activities.
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