Multiple Choice
Which of the following statements is TRUE regarding fixed and variable costs?
A) Both costs are constant when considered on a per-unit basis.
B) Both costs are constant when considered on a total basis.
C) Fixed costs are fixed in total,and variable costs are fixed per unit.
D) Variable costs are fixed in total,and fixed costs vary in total.
Correct Answer:
Verified
Correct Answer:
Verified
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