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    Question

    The variable cost is a component of total cost, another is_________?

    I. Marginal cost

    II. Fixed cost

    III. Average cost

    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D All I, II and III Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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