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Fixed costs change depending on the volume of production.
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True
False
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Answered by
GPT-5 mini
AI
False.
Fixed costs remain constant in total over the relevant range of activity (e.g., rent, salaries). What changes with volume is the fixed cost per unit (it decreases as output rises). Some costs can be step-fixed or change outside the relevant range, but the basic definition is they do not vary with production volume.
Fixed costs remain constant in total over the relevant range of activity (e.g., rent, salaries). What changes with volume is the fixed cost per unit (it decreases as output rises). Some costs can be step-fixed or change outside the relevant range, but the basic definition is they do not vary with production volume.
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