Multiple Choice
Which one of following is not a reason to take into account the relevant range when estimating a cost?
A) The cost function is nearly linear within a relevant range
B) It is reasonable to assume that fixed costs remain fixed in this range
C) It is reasonable to assume that variable costs remain constant in this range
D) We cannot make assumptions about linearity within a relevant range
Correct Answer:
Verified
Correct Answer:
Verified
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