Question: The difference between fi xed costs and variable costs is that a. fi xed costs vary with quantity produced. b. there is no difference; they

The difference between fi xed costs and variable costs is that

a. fi xed costs vary with quantity produced.

b. there is no difference; they are exactly the same.

c. variable costs depend upon the quantity produced.

d. variable costs are included in profi t maximization while fi xed costs are not.

e. none of the above

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