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Which of the following statements best describes the relationship between technology and costs? Group of answer choices Capital is a fixed cost which often substitutes
Which of the following statements best describes the relationship between technology and costs? Group of answer choices Capital is a fixed cost which often substitutes for labor as a variable cost Technology increases the price of a firm's products leading to higher revenues Capital is expensive so average total cost must always go up Technology reduces efficiency because employees spend too much time playing Candy Crush on their tablets or bargain hunting on eBay
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