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Questions 1. What is a fixed cost? Provide two examples. 2. What is the difference between a committed fixed cost and a discretionary fixed

Questions 1. What is a fixed cost? Provide two examples. 2. What is the difference between a committed fixed cost and a discretionary fixed cost? Provide example each. 3. What is a variable cost? Provide two examples. 4. What is a mixed cost? Provide two examples.

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