Costs that are fixed over some ranges of output and variable over others are called:
A) opportunity costs
B) semi-variable costs
C) fixed costs
D) variable costs
E) implicit costs

Question

Quizplus · Accepted Answer

Semi-variable costs have both fixed and variable components. They are fixed over certain ranges of output and variable over others. Examples include salaries of supervisors, maintenance costs, and lease payments which may have a fixed component plus a variable component based on usage.

Costs That Are Fixed Over Some Ranges of Output and Variable