An Example of a Stepped Fixed Cost Is

question 101

Multiple Choice

An example of a stepped fixed cost is:

• A) Factory supervisors' salaries
• B) Depreciation
• C) Direct materials
• D) Commissions

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Definitions:

Marginal Product

The additional output that is produced as a result of using one more unit of a particular input, while keeping other inputs constant.

Marginal Product

The additional output resulting from the use of one more unit of a productive input, holding other inputs constant.

Production Function

An equation that describes the maximum output of a good achieved from a given number of inputs.

Input

The inputs such as labor, materials, or resources utilized in creating products and services.