Examlex
Which of the following could explain an increase in the interest rate and an increase in the equilibrium quantity of investment?
Mixed Cost
A cost that contains both variable and fixed cost elements, meaning part of the cost changes with the level of activity while another part remains constant.
Selling
Activities or processes involved in promoting and exchanging goods or services for money, including marketing and negotiation.
Administrative
Relates to the daily operations and management tasks within an organization, including paperwork and office procedures.
Fixed Cost Element
A cost that does not vary with the level of production or sales, such as rent, salaries, and insurance expenses.
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