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Q. |
Which of the following best describes a fixed cost? A cost which: |
A. | Represents a fixed proportion of total costs. |
B. | Remains at the same level up to a particular level of output. |
C. | Remains at the same level when output increases |
D. | Has a direct relationship with output |
Answer» B. Remains at the same level up to a particular level of output. |
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