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What is the difference between a fixed cost and a variable cost? a A fixed cost does not change when output changes, whereas a variable
What is the difference between a fixed cost and a variable cost?
a A fixed cost does not change when output changes, whereas a variable cost does.
b A fixed cost includes all costs associated with production. A variable cost only includes the extra cost of producing one additional unit of production.
c A variable cost includes all costs associated with production. A fixed cost only includes the extra cost of producing one additional unit of production.
d A fixed cost changes when output changes, whereas a variable cost does not.
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