Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take mock test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define fixed costs and give an example.
💡 Hint: Think about costs that remain constant even if you don't produce anything.
Question 2
Easy
What are variable costs? Provide one example.
💡 Hint: These costs go up or down based on how much you produce.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What type of costs remain constant regardless of output?
- Fixed Costs
- Variable Costs
- Total Costs
💡 Hint: Consider what would still be the same if you produced nothing.
Question 2
True or False: Marginal cost is the additional cost of producing one more unit.
- True
- False
💡 Hint: Think about what happens when you increase production slightly.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A firm plans to produce 100 units of its product. It has fixed costs of $2000 and variable costs of $50 per unit. Calculate the total cost and unit cost.
💡 Hint: Use the formulas for total and unit costs.
Question 2
If a company discovers that its marginal cost is lower than the price at which it sells its product, what should it consider doing?
💡 Hint: Think about the relationship between cost and revenue.
Challenge and get performance evaluation