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1- Explain the following statement There are no long-term fixed costs; all costs are variable. 2- Which of the following are short-term adjustments and
1- Explain the following statement
"There are no long-term fixed costs; all costs are variable. "
2- Which of the following are short-term adjustments and which are long-term adjustments?
a Wendy's builds a new restaurant.
b. Harley-Davidson Corporation hires 200 more production workers.
c. A farmer increases the amount of fertilizer he uses in his corn crop.
d. An Alcoa aluminum plant adds a third shift of workers.
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