Fixed costs are associated with:

A) highly adjustable inputs such as labor.
B) both the short run and the long run.
C) the short run only.
D) the long run only.

Fixed Costs

Expenses that do not change in relation to the level of goods or services produced within a certain period, such as rent or salaries.

Short Run

A period in which at least one input is fixed while others may be varied to adjust output levels.

Long Run

The long run is a period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs.