Costs like rent, insurance etc. which do not change inspite of changes in the volume of output are ______ costs.

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Costs like rent, insurance etc. which do not change inspite of changes in the volume of output are fixed costs. Explanation: Rent and insurance are fixed costs because they are overheads that remain constant in total within a given time and activity range, regardless of output. They are indirect expenses by nature but are classified as fixed costs by behaviour.

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