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Which of the following statements regarding graphs of fixed and-(Answered)

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Question

Which of the following statements regarding graphs of fixed and variable costs is true?

a. Variable costs can be represented by a straight line where costs are the same for each

data point.

b. Fixed costs can be represented by a straight line starting at the origin and continuing

through each data point.

c. Fixed costs are zero when production is equal to zero.

d. Variable costs are zero when production is equal to zero.

e. Fixed and Variable costs are curvilinear form above zero on the ?Y? axis

 

Paper#9257415 | Written in 27-Jul-2016

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