Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:Fixed cost must be greater than variable cost when output is zero.
Answer» Yes. Because fixed costs are incurred even when output is zero, while variable costs are incurred only after output actually starts (so that variable costs are zero when output is zero).

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