Can there be some fixed cost in the long run? If not, why?
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Can there be some fixed cost in the long run? If not, why?
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No, there cannot be any fixed cost in the long run. In the long run, a firm has enough time to modify the factor ratio and can change the scale of production.There is no fixed factor as the firm can change the quantity of all the factors of production and therefore there cannot be any fixed cost in the long-run.

 Fixed costs are not permanently fixed; they will change over time, but are fixed in relation to the quantity of production for the relevant period. For example, a company may have unexpected and unpredictable expenses unrelated to production, such as warehouse costs and the like that are fixed only over the time period of the lease.
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