Question
What are the 2 variable costs involved in making a commercial drone? What makes them variable costs? What are 2 fixed costs involved in making
What are the 2 variable costs involved in making a commercial drone? What makes them variable costs?
What are 2 fixed costs involved in making a commercial drone? What makes them fixed costs?
What is one mixed cost involved in making a commercial drone? Why is it considered to be a mixed cost?
Thinking about the mixed cost you identified, and the mixed cost function, where y = a + xb, explain how each component (y, a, x, b) relates to your mixed cost.
Again, thinking about your mixed cost, and the idea of a relevant range, identify some constraints within the production of a commercial drone that would help determine the # of units of production that represent both the minimum and maximum boundaries of your mixed cost's relevant range.
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