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In the short run, fixed cost: is constant. falls as output increases. O is directly proportional to average variable cost. Odoes not impact a
In the short run, fixed cost: is constant. falls as output increases. O is directly proportional to average variable cost. Odoes not impact a firm's profit level.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
