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  3. Study Set
    Managerial Economics
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    Exam 5: The Production Process and Costs
  5. Question
    Costs That Change as Output Changes Are
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Costs That Change as Output Changes Are

Question 17

Question 17

Multiple Choice

Costs that change as output changes are:


A) Variable costs.
B) Fixed costs.
C) Sunk costs.
D) None of the statements associated with this question are correct.

Correct Answer:

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