Total costs that have both fixed and variable elements are call mixed costs.
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Q2: A hospital would have mainly fixed costs
Q3: Total fixed costs vary with small changes
Q4: The incremental cost of an activity is
Q5: The marginal cost of an activity is
Q6: A stepwise linear cost function is a
Q7: Most organisations ignore mixed costs because it
Q8: Total variable costs change proportionately with changes
Q9: Cost behaviour refers to the way that
Q10: The line rental paid on a telephone
Q11: The traditional basis for understanding cost behaviour
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