Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as
A. continuously variable cost function
B. fixed cost function
C. mixed cost function
D. semi variable cost function
Answer: Option A
Solution (By Examveda Team)
Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as continuously variable cost function. A variable cost is a corporate expense that changes in proportion to production output.
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