MCQOPTIONS
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| 1. |
Which of the following statements regarding graphs of fixed and variable costs is true? |
| A. | Variable costs can be represented by a straight line where costs are the same for each data point. |
| B. | Fixed costs can be represented by a straight line starting at the origin and continuing through each data point. |
| C. | Fix |
| D. | costs are zero when production is equal to zero. |
| Answer» E. | |