1.   Corporation tax, by increasing the fixed costs, in effect raises the entry barriers to the industry.

2.   Defining as the elasticity of substitution in fixed costs, and as the shares in fixed costs.

3.   Deterioration of Market conditions and higher fixed costs were blamed for the Decline.

4.   Fixed costs and inter-divisional profit are thus transformed into variable costs.

5.   Fixed costs should be separated from variable costs when working out the annual accounts.

6.   Fixed costs should be separated from variable costs.

7.   On the other hand, if the firm falls short of covering its fixed costs, a loss will be incurred.

8.   The argument that fixed costs are incompatible with scale economies is as follows.

9.   Their retail branches are a fixed cost, so the more business they put through them the better.