Question: Cost Behavior Identification. Select the statement below that correctly describes the following grap Total Cost Activity a. The graph represents a fixed cost. b. An

Cost Behavior Identification. Select the statement below that correctly describes the following grap Total Cost Activity

a. The graph represents a fixed cost.

b. An increase in activity reduces total cost.

c. An increase in activity reduces unit cost.

d. The graph represents a variable cost.

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