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Costs that do not vary with output are Question 8 options: a) fixed costs b) variable costs c) marginal costs d) explicit costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Costs that do not vary with output are

Question 8 options:

a)	fixed costs

b)	variable costs

c)	marginal costs

d)	explicit costs

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