Since a Mixed Cost Has Both a Fixed and a Variable

question 84

Short Answer

Since a mixed cost has both a fixed and a variable component,
A)Neither total cost nor
B)Total cost will vary with changes in the level of activity,but
C)
D)Both the total cost and the

• A)Neither total cost nor
• B)Total cost will vary with changes in the level of activity,but
• C)
• D)Both the total cost and the

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Definitions:

Saving

The portion of income that is not spent on consumption but is kept aside for future use, investments, or emergencies.

Disposable Income

Income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.

Consumption Spending

The total money spent by households in an economy on goods and services.