Question: Identify the correct statements about the relevant range and cost behavior. Some costs may behave in a nonlinear fashion but can be approximately linear within

Identify the correct statements about the relevant range and cost behavior.
Some costs may behave in a nonlinear fashion but can be approximately linear within the relevant range.
The relevant range is the range of activity over which assumptions about cost behavior are valid.
Costs are always linear with respect to their cost drivers within the relevant range.
The relevant range is determined by the slope of the curve in its initial stage.

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