Economics A-Level
Fixed costs
What Fixed costs means in Economics A-Level, as defined for AQA.
Definition of Fixed costs
Check what you remember
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Reference: AQA
Business expenses that are independent of the level of output in the short run, and must be paid even if nothing is produced.
Topics that use Fixed costs
- Costs of production (AQA A-Level)
Related terms
- Cost curve geometry
- Diminishing marginal returns
- Economies of scale
- Factor prices
- Factors of production
- Fixed and variable costs
- Long-run costs
- Marginal cost
Using Fixed costs in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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