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Question 16 (1 point) Consider the following sets of costs at two different levels of production. Units 3,000 5,000 Total Cost Total Cost Cost J
Question 16 (1 point)
Consider the following sets of costs at two different levels of production.
Units | 3,000 | 5,000 |
Total Cost | Total Cost | |
Cost J | $12,000 | $20,000 |
Cost K | $12,000 | $17,500 |
Cost L | $12,000 | $12,000 |
Which of the following is true?
Question 16 options:
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Cost J is a fixed cost and cost K is a variable Cost
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Cost J is a variable cost and Cost L is a fixed cost
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Cost J is a mixed cost and Cost L is a variable cost
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Cost K is a fixed cost and Cost J is a variable cost
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Cost J is a mixed cost and Cost L is a fixed Cost
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