Question: 1. How do fixed and variable costs behave? Why is it understanding their behavior so important when analyzing costs? 2. The long-distance company that you

1. How do fixed and variable costs behave? Why is it understanding their behavior so important when analyzing costs?

2. The long-distance company that you use charges $5.00 per month and $0.10 per minute per call. If your current bill is $25.00, how many minutes did you use?

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