Within the relevant range of activity, costs:
A) can be estimated with reasonable accuracy.
B) exhibit decreasing marginal cost patterns.
C) exhibit increasing marginal cost patterns.
D) None of the given answers

Question

Quizplus · Accepted Answer

Within the relevant range of activity, costs can be estimated with reasonable accuracy. This is because within this range, the relationship between costs and activity is relatively stable, and past data can be used to predict future costs.

Within the Relevant Range of Activity, Costs