Question: Average fixed cost: increases with every increase in activity. Increases in a step pattern with increases in activity. remains constant as activity level increases. decreases
Average fixed cost:
increases with every increase in activity.
Increases in a step pattern with increases in activity.
remains constant as activity level increases.
decreases as activity level increases.
Question
Costs that do not change in total when activity level changes are:
semivariable costs.
fixed costs.
marginal costs.
variable costs.
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