Fixed cost is the difference between total cost and total variable cost.
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Quiz1 question 1 2 out of 2 points probabilistic techniques assume that no uncertainty exists in model.
Probabilistic techniques assume that no uncertainty exists in model parameters.
In general an increase in price increases the break even point if all costs are held constant.
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Probabilistic techniques assume that no uncertainty exists in model parameters.
Parameters are known constant values that are usually coefficients of variables in equations.
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Parameters are known constant values that are usually coefficients of variables in equations.
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Probabilistic techniques assume that no uncertainty exists in model parameters.
In general an increase in price increases the break even point if all costs are held constant.
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Mat 540 quiz 1.