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Which of the following best explains a step costs? A. Costs that are fixed overall, but variable within a relevant range B. Costs that are
Which of the following best explains a "step costs"? A. Costs that are fixed overall, but variable within a relevant range B. Costs that are fixed within a relevant range but change at certain thresholds C. Costs that change proportionally with changes in production D. Costs that increase disproportionately at higher levels of demand E. None of the above
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