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A cost function that is fixed over a range, and then increases by a measured step to a new level at the next higher increment
A cost function that is fixed over a range, and then increases by a measured step to a new level at the next higher increment of activity is called: Question 23Answer a. Step cost b. Fixed cost c. Variable cost d. Semi variable cost
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
