Cost function, in which cost does not change with any change in level of activity is a part of
A
step price functions
B
step object functions
C
step constant functions
D
step cost functions
Correct Answer: step cost functions
Cost function, in which cost does not change with any change in level of activity is a part of step cost functions. A step cost is a cost that does not change steadily with changes in activity volume, but rather at discrete points.