Select the appropriate type of cost for each of the definitions listed below.
-total cost = total fixed cost + total variable cost
A)variable
B)fixed
C)mixed
D)step

Name: Select the appropriate type of cost for each of the definitions listed below. -total cost = total fixed cost + total variable cost A)variable B)fixed C)mixed D)step
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Question

Quizplus · Accepted Answer

The formula given indicates that total cost is a combination of both fixed and variable costs, making it a mixed cost.

Select the Appropriate Type of Cost for Each of the Definitions