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Unformatted text preview: 6. Costs which dont vary with sales (output) of a firm are _ fixed ____________ costs. 7. Costs which do vary with sales (output) of a firm are _ variable ______________ costs. 8. Rent of space and equipment is an example of _ fixed _______________ costs. 9. Material supplies (inputs) to the making of a product or service are examples of __ variable _____________ costs. 10. Another way of looking at fixed costs is that they are costs which _ must _____________ be paid, regardless of how much revenue the firm earns....
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- Fall '08