Answer:
see below
Step-by-step explanation:
Fixed costs have been described as the costs of staying in business. They are business expenses that remain constant in a financial period. A business must incur fixed costs regardless of its level of output. In other words, fixed costs are not influenced by business output.
Although fixed costs will remain constant in a financial period, or in the short run, they are bound to change in the long run. Examples of fixed costs include rent, insurance, depreciation, and administrative salaries.