Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain why is variable cost said to constant and fixed costs are said to fluctuate in relation to production?

Explain why is variable cost said to constant and fixed costs are said to fluctuate in relation to production?


Step by Step Solution

3.41 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

Unlike a fixed cost a variable cost is always fluctuating This cost rises as the production output l... 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

Business Communication Process and Product

Authors: Mary Ellen Guffey

6th Edition

324578679, 9780324578683, 9780324542905, 176721258, 9780324578676, 324542909, 9780176721251, 978-0324542905

More Books

Students also viewed these Business Communication questions