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Answer the following question in your own words. Your answer must have a 150 minimum word...

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Finance

Answer the following question in your own words. Your answermust have a 150 minimum word count:

  • Explain the difference between fixed costs and variable costs.Describe their significance and give examples of each one.

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3.7 Ratings (320 Votes)
Fixed costs are those which remain constant irrespective of the level of productionactivity Variable costs are those which vary in proportion to their level of activity The understanding of    See Answer
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Answer the following question in your own words. Your answermust have a 150 minimum word count:Explain the difference between fixed costs and variable costs.Describe their significance and give examples of each one.

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