Which of the following costs exhibits both decreasing and increasing marginal costs over a specific range of activity?
A. Semivariable cost.
B. Curvilinear cost.
C. Step-fixed cost.
D. Step-variable cost.
E. Fixed cost.
Answer: B. Curvilinear cost.
Which of the following costs exhibits both decreasing and increasing marginal costs over a specific range of activity?
A. Semivariable cost.
B. Curvilinear cost.
C. Step-fixed cost.
D. Step-variable cost.
E. Fixed cost.
Answer: B. Curvilinear cost.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.