Which of the following costs remains constant within a relevant range of activity?Group of answer choicesvariable costsmixed costsfixed costsproduction costs
Question
Solution 1
The cost that remains constant within a relevant range of activity is fixed costs.
Here's why:
- Variable costs: These costs change in direct proportion to the level of production or activity. For example, if you produce more goods, you'll need more raw materials, so your costs for raw materials Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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