Question: Describe how total variable costs and unit variable costs behave with changes in the level of activity. Describe how total fixed costs and unit fixed

Describe how total variable costs and unit variable costs behave with changes in the level of activity. Describe how total fixed costs and unit fixed costs behave with changes in the level of activity. What does operating leverage measure? Answer these questions with a minimum posting of 250 words that is complete, thoughtful, and written in Standard English.

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