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Steve Johnson Has Decided to Lease a Vehicle as Opposed

Question 16

Multiple Choice

Steve Johnson has decided to lease a vehicle as opposed to purchasing it.The lease agreement calls for a monthly payment of $400.Any mile driven above 1,000 per month will cost an additional $.10 per mile.Steve's lease cost in January can be considered to be:


A) Fixed.
B) Variable.
C) Mixed.
D) Both B and C

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