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Step Costs: Question 72 options: Are costs that increase stepwise as the range of output increases. Where the average costs per unit of output decreases
Step Costs: Question 72 options: Are costs that increase stepwise as the range of output increases. Where the average costs per unit of output decreases with the increase in the magnitude of the output being produced. An operation in a sequence of operations whose capacity is lower than that of the other operations. Can present special challenges due to the nature of services. Occurs when a business expands so much that the costs per unit increase
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