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Which of the following is NOT a characteristic of fixed costs?

Practice Questions

1 question
Q1
Which of the following is NOT a characteristic of fixed costs?
  1. Remain constant in total
  2. Per unit cost decreases as production increases
  3. Vary with production levels
  4. Do not change with short-term fluctuations

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is NOT a characteristic of fixed costs?
Solution: Fixed costs do not vary with production levels; they remain constant in total.
Steps: 0

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