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4. Briefly; explain the difference between a fixed cost and a step-fixed cost. 5. Assume the company has step-fixed costs. Generally speaking, at what volume

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4. Briefly; explain the difference between a fixed cost and a step-fixed cost. 5. Assume the company has step-fixed costs. Generally speaking, at what volume level on a step should the firm attempt to operate if it desires to achieve a maximum return on its investment [no computation needed)

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