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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
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    Costs That Change as Output Changes Are
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Costs That Change as Output Changes Are

Question 63

Question 63

Multiple Choice

Costs that change as output changes are:


A) variable costs.
B) fixed costs.
C) sunk costs.
D) None of the preceding statements is correct.

Correct Answer:

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