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Plz hrlp each question 10 marks Part II. Short Answers (Each Question - 10 Marks) Q-1. State whether each of the following is an example

Plz hrlp each question 10 marks

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Part II. Short Answers (Each Question - 10 Marks) Q-1. State whether each of the following is an example of a fixed cost or variable cost. Example Fixed Cost or Variable Cost a) Packaging and advertising costs b) Cost of shipping products to market c) Costs that do not vary with the volume of output d) Rental payment for the use of a building e) Costs incurred even if the firm produces nothing Q-2. Label the adjacent figure and identify the curves. Curve 1: Curve 2: Curve 3: Curve 4

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