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Question 1: (5 marks) (A1, C2) Part A: (2 marks) Variable costs are relevant and fixed costs are irrelevant. Explain why you agree or disagree

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Question 1: (5 marks) (A1, C2) Part A: (2 marks) "Variable costs are relevant and fixed costs are irrelevant." Explain why you agree or disagree with this statement. Part B: (3 marks) Discuss the qualitative factors that should be considered in short-run decision making

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