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In formulating a transportation problem as linear programming model, which of the following statements are correct?
Marginal Tax Rate
The percentage of tax applied to your income for each tax bracket in which you qualify.
Variable Costs
Costs that vary directly with the level of production or business activity.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales.
Fixed Costs
Costs that do not change with the level of output or sales over a certain period, such as rent or salaries.
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