What is a characteristic of fixed costs?
Mixed Costs vs Step Costs

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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They remain constant regardless of output.
They only occur when products are produced.
They vary with the level of production.
They are always higher than variable costs.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do variable costs behave in relation to production?
They increase with the level of production.
They remain constant.
They decrease as production increases.
They only occur when there is no production.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the formula for mixed costs, what does 'a' represent?
The total cost at zero production.
The Y intercept, representing fixed costs.
The variable cost per unit.
The slope of the line.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a defining feature of step costs?
They are always lower than mixed costs.
They jump to a new level after a certain production point.
They decrease as production increases.
They remain constant over all production levels.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do step costs differ from mixed costs?
Step costs change at specific production levels.
Step costs vary continuously with production.
Step costs remain constant over all production levels.
Step costs are not affected by fixed costs.
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