Question: 1. How do operations drive costs? 2. Distinguish between (a) a variable cost, (b) a fixed cost, and (c) a mixed cost. 3. What effect

1. How do operations drive costs? 2. Distinguish between (a) a

1. How do operations drive costs? 2. Distinguish between (a) a variable cost, (b) a fixed cost, and (c) a mixed cost. 3. What effect does an increase in volume have on- a. Unit fixed costs? b. Unit variable costs? c. Total fixed costs? d. Total variable costs? Define the following terms: (a) cost behaviour and (b) relevant range

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