Q.

Which is not a fixed cost?

A. Monthly rent of Rs. 1,000 contractually specified in a one-year lease
B. An insurance premium of Rs. 50 per year, paid last month
C. An attorney\s retainer of Rs. 50,000 per year
D. A worker\s wage of Rs. 15 per hour
Answer» D. A worker\s wage of Rs. 15 per hour
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Micro Economics 1

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