Fixed costs are irrelevant in decisions about whether a product should be retained or be dropped. True False 22 The required rate of return is the maximum rate of return that an investment project must viald to be acceptable. True False 23 Variable manufacturing costs are always relevant costs in short-term decisions. Immersive Reader True False

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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22 and 23

21
Fixed costs are irrelevant in decisions about whether a product should be retained or be
dropped.
True
False
22
The required rate of return is the maximum rate of return that an investment project must
viald to be acceptable.
True
False
23
Variable manufacturing costs are always relevant costs in short-term decisions.
Immersive Reader
True
False
Transcribed Image Text:21 Fixed costs are irrelevant in decisions about whether a product should be retained or be dropped. True False 22 The required rate of return is the maximum rate of return that an investment project must viald to be acceptable. True False 23 Variable manufacturing costs are always relevant costs in short-term decisions. Immersive Reader True False
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