Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A cost that changes as volume changes, but at a nonconstant rate, is called a: a) Variable cost. b) Curvilinear cost. c) Step-wise variable cost.

A cost that changes as volume changes, but at a nonconstant rate, is called a:

a) Variable cost.

b) Curvilinear cost.

c) Step-wise variable cost.

d) Fixed cost.

e) Differential cost.

Step by Step Solution

3.41 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

Answer b Curvilinear cost Definition A curvilinear cost also called a nonlinear c... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to Analysis

Authors: William R. Wade

4th edition

132296381, 978-0132296380

More Books

Students also viewed these Accounting questions