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.

Question

Quizplus · Accepted Answer

Curvilinear costs exhibit both decreasing and increasing marginal costs over a specific range of activity, reflecting a non-linear relationship between cost and activity level.

Which of the Following Costs Exhibits Both Decreasing and Increasing