Which of the following
statements regarding graphs of fixed and variable costs is true
if one considers that volume of production is on the X (horizontal) axis and
cost on the Y (vertical) axis?

Question

Which of the following
statements regarding graphs of fixed and variable costs is  true 
if one considers that volume of production is on the X (horizontal) axis and
cost on the Y (vertical) axis?

Answer

Fixed costs are zero
when production is equal to zero.

Answer

Variable
costs are zero when production is equal to zero.

Answer

Variable costs can be
represented by a straight line where costs are the same for each data point.

Answer

Fixed costs can be
represented by a straight line starting at the origin and continuing through
each data point

Crowdly

Which of the following statements regarding graphs of fixed and variable costs ...

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