In the tractor economy which of the following is considered as fixed cost ........

Economic and social issues(Phase-I/II) Nature of Indian economy

In the tractor economy, which of the following is considered as fixed cost

This questions was previously asked in

Nabard grade-A,Previous year Memory Based Paper (2022)

Labour wages

Fuel cost

Repair and maintenance

Depreciation

Lubrication cost

- Labour wages: This is a variable cost as it often changes with the level of production or hours worked.

- Fuel cost: Another variable cost, fuel expenses vary based on machine usage and production needs.

- Repair and maintenance: Typically a variable cost, as it fluctuates depending on equipment condition and work demands.

- Depreciation: This is a fixed cost. It represents the reduction in value of a tractor over time and doesn’t change month to month.

- Lubrication cost: A variable cost, as lubrication needs can vary with usage patterns.

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