• 2022-06-09
    In a small construction firm, another crew supervisor is added for every 10 workers employed. This is an example of a:
    A: a. purely variable cost
    B: b. discretionary fixed cost
    C: c. step cost
    D: d. mixed cost
  • C

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    • 0

      A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit produced during the month. This labour cost is best described as ( ) A: A step cost B: A fixed cost C: A variable cost D: A semi-variable cost

    • 1

      A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit produced during the month. How is this type of labour cost best described? A: A variable cost B: A fixed cost C: A step cost D: A semi-variable cost

    • 2

      A cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term. What type of cost is this?? A semi-variable cost|A stepped fixed cost|A variable cost|A fixed cost

    • 3

      The value of a business owner's time is an example of_________. A: a fixed cost B: an opportunity cost C: total revenue D: an explicit cost

    • 4

      When a factory is operating in the short run, A: it cannot alter variable costs. B: total cost and variable cost are usually the same. C: average fixed cost rises as output increases. D: it cannot adjust the quantity of fixed inputs.