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Which of the following is a definition for variable costs a) Costs that remain the same whatever the level of output b) Costs that contain
Which of the following is a definition for variable costs
a)Costs that remain the same whatever the level of outputb)Costs that contain a fixed and variable element
c)Costs that vary directly with the number of units produced
d)Costs that will remain fixed as output increases until the activity reaches a level where the costs have to increase sharply
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