Discussion :: Engineering Economics
- Pick up the correct statement from the following:
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A.
The capital required to get a project started, is called first cost |
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B.
The costs associated with a new or existing project that remain unaffected by the changes in activity level over the normal range of operation of the project, are called fixed costs |
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C.
The group of costs that vary proportionately to the changes in the activity level of a new or existing project are called variable costs |
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D.
All of these |
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Answer : Option D
Explanation :
Explanation Not Provided
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