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Match the right definition with the correct word Vocab: - Cost Equation - Variable Costs - Mixed Cost - Fixed Costs - Step Costs -

Match the right definition with the correct word

Vocab:

- Cost Equation

- Variable Costs

- Mixed Cost

- Fixed Costs

- Step Costs

- Curvilinear Costs

- Relevant Range

Definition:

- Cost behavior that is not linear

- Cost behavior is fixed over small ranges of activity, and jumps to different fixed levels with small changes in volume

- Have both variable cost and fixed cost components

- The band of volume where total fixed costs and variable cost per unit remain constant

- Cost incurred each unit

- A mathematical equation (for a straight line) that expresses cost behavior

- Costs that do not change in total despite wide changes in volume

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