Statement 1: Variable Cost tends to change in direct proportion Statement 2: Fixed Cost tends to remain constant even if the vo O a. Both Statement 1 and Statement 2 are TRUE O b. Statement 1 is TRUE and Statement 2 is FALSE O C. Statement 1 is FALSE and Statement 2 is TRUE O d. Both Statement 1 and Statement 2 are FALSE

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Statement 1: Variable Cost tends to change in direct proportion to the volume of output
Statement 2: Fixed Cost tends to remain constant even if the volume of output changes
O a. Both Statement 1 and Statement 2 are TRUE
O b. Statement 1 is TRUE and Statement 2 is FALSE
Statementlis FALSE and Statement 2 is TRUE
O d. Both Statement land Statement 2 are FALSE
Transcribed Image Text:Statement 1: Variable Cost tends to change in direct proportion to the volume of output Statement 2: Fixed Cost tends to remain constant even if the volume of output changes O a. Both Statement 1 and Statement 2 are TRUE O b. Statement 1 is TRUE and Statement 2 is FALSE Statementlis FALSE and Statement 2 is TRUE O d. Both Statement land Statement 2 are FALSE
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