Question: Fixed costs are really variable. The more you produce, the smaller the unit cost of production. Is this statement correct? Why or why not?

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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A cost that does not change with an increase or decrease in the amount of goods or services produced Fixed costs are expenses that have to be paid by a company independent of any business activity It is one of the two components of the total cost of a good or service ... View full answer

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