Home » Economics » The cost which firm will incur whether it is in production or not, is referred…The cost which firm will incur whether it is in production or not, is referred… The cost which firm will incur whether it is in production or not, is referred to as A. average cost B. variable cost C. opportunity cost D. fixed cost Correct Answer: Option D Explanation Related Posts At the point of profit maximization by a firm, marginal cost is? A characteristic common to partnership and sole proprietorship is Which of the following is the standard concept for measuring and analyzing population growth? Near Money is made up of Import duty concessions on the industrial inputs directly benefit the The following except ONE, are the differences between international trade and internal trade?