________ costs are the sum of the fixed and variable costs.
A) Marginal
B) Total
C) Average
D) Minimum
E) Reduced

Name: ________ costs are the sum of the fixed and variable costs. A) Marginal B) Total C) Average D) Minimum E) Reduced
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Question

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Total costs are the sum of fixed costs (costs that do not change with the volume of production or sales) and variable costs (costs that vary with the volume of production or sales).

________ Costs Are the Sum of the Fixed and Variable