Q368
Cost function, in which cost does not change with any change in level of activity is a part of
A.
step price functions
B.
step object functions
C.
step constant functions
D.
step cost functions
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Cost function, in which cost does not change with any change in level of activity is a part of step cost functions. A step cost is a cost that does not change steadily with changes in activity volume, but rather at discrete points.