If total cost is €700 when output is zero, €1,000 when output is 10 and €1,400 when output is 20, then fixed cost is:
(a) €1000.
(b) €1400.
(c) €900.
(d) €700.
Answer: (d) €700.
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A) h. B) j. C) k. D) none of the above.
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A) higher, planned autonomous spending B) higher, planned expenditures C) lower, planned autonomous spending D) lower, planned expenditures
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