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Civil Engineering - Engineering Economy - Discussion

Discussion Forum : Engineering Economy - Section 1 (Q.No. 26)
Engineering Economy
26.
Pick up the correct statement from the following:
The capital required to get a project started, is called first cost.
The costs associated with a new or existing project that remain unaffected by the changes in activity level over the normal range of operation of the project, are called fixed costs.
The group of costs that vary proportionately to the changes in the activity level of a new or existing project are called variable costs.
All of these
Answer: Option
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