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Which of the following statements are true? A fixed cost is constant if expressed on a per unit basis but the total dollar amount changes

Which of the following statements are true? A fixed cost is constant if expressed on a per unit basis but the total dollar amount changes as the number of units increases or decreases. Fixed costs expressed on a per unit basis do not change with changes in activity. Committed fixed costs remain largely unchanged in the short run. Multiple Choice Only statement I is true. Only statement II is true. Only statement III is true. All statements are true.

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