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What is the basic difference between fixed and variable costs / Multiple Choice Fixed costs do not vary in total with changes in production or
What is the basic difference between fixed and variable costs
Multiple Choice
Fixed costs do not vary in total with changes in production or sales levels, but variable costs do
Variable costs do not vary in total with changes in production or sales levels, but fixed costs do
Fixed cost per unit and variable cost per unit remain the same as production decreases.
Fixed cost and variable cost per unit decrease as production increases.
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