Fixed costs are really variable. The more you produce, the smaller the unit cost of production. Is this statement correct? Why or why not?
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Fixed costs are really variable. The more you produce, the smaller the unit cost of production. Is this statement correct? Why or why not?
This depends on your definition of variable. Unit cost of production is not a variable cost but a calculated cost based on a given number of units
Variable costs are defined as those costs which move unoformly in relation to the number of units produced and may otherwise be known as direct costs
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