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1 Identify some examples of variable costs for a restaurant. 2 What effect does a increase in volume have on a. Unit fixed costs? b.
1 Identify some examples of variable costs for a restaurant.
2 What effect does a increase in volume have on
a. Unit fixed costs?
b. Unit variable costs?
c. Total fixed costs?
d. Total variable costs?
3 Define the following terms: (a) cost behaviour and (b) relevant range.
4 What are curvilinear costs? What are some examples of costs that might behave in a curvilinear fashion?
5 Define a step-variable cost and give an example.
6 Describe a non-linear variable cost and give an example.
What is a mixed cost examples.
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