A Step Variable-Cost Function ________

question 172

Multiple Choice

A step variable-cost function ________.

• A) is fixed over the long run but not over the short run
• B) is often approximated with a continuous variable-cost function
• C) remains the same over a wide range of activity
• D) example includes adding additional warehouse space

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Definitions:

Conciseness

The quality of being clear and straightforward in expression, using no more words than necessary.

Redundancies

Unnecessary repetitions in language or the elimination of positions or employees in a workforce.

"It Is" Structures

Grammatical constructions that use "it is" or "it's" to introduce a subject or emphasize a point.

Transitive Verb

A verb that requires one or more objects in a sentence to express a complete thought.