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    Principles of Microeconomics
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    Exam 13: The Costs of Production
  5. Question
    What Do We Know About Fixed Costs
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What Do We Know About Fixed Costs

Question 22

Question 22

Multiple Choice

What do we know about fixed costs


A) They vary inversely with production.
B) They vary in proportion with production.
C) They are incurred only when production is at capacity.
D) They are incurred even if nothing is produced.

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