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QUESTION
For Fixed Costs mark all of the following that are correct:
For Fixed Costs mark all of the following that are correct: (4 are correct)
- Are not related to Total Cost
- Are related to Total Cost
- Increases output increase
- Should enter into production level decision
- Should not enter into production level decision
- Decreases as output increase
- Do not change with output
- Are related to Marginal Cost
- Are not related to Marginal Cost
