Question: What is the difference between a fixed cost and a variable cost? Multiple choice question. A variable cost does not vary with changes in output;

What is the difference between a fixed cost and a variable cost? Multiple choice question. A variable cost does not vary with changes in output; a fixed cost does vary with changes in output. Both fixed and variable costs do change with changes in output. A fixed cost does not vary with changes in output; a variable cost does vary with changes in output. Both fixed and variable costs do not vary with changes in output

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