The following three data points appear to be: $$\begin{array} { l l }
\text { Units } & \text { Costs } \
600 & \$ 700 \
650 & 700 \
700 & 700
\end{array}$$
A) a mixed
B) a step cost
C) a fixed cost
D) a variable cost

Question

The following three data points appear to be: $$\begin{array} { l l } 
\text { Units } & \text { Costs } \
600 & \$ 700 \
650 & 700 \
700 & 700
\end{array}$$ 
A) a mixed
B) a step cost
C) a fixed cost
D) a variable cost

Quizplus · Accepted Answer

The costs remain constant at $700 regardless of the number of units, indicating a fixed cost.

The Following Three Data Points Appear to Be Units Costs 600$700650700700700\begin{array} { l l } \text { Units } & \text { Costs } \\600 & \$ 700 \\650 & 700 \\700 & 700\end{array} Units 600650700​ Costs $700700700​

The Following Three Data Points Appear to Be $\begin{array} { l l } \text { Units } & \text { Costs } \\600 & \$ 700 \\650 & 700 \\700 & 700\end{array}$