Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as
A
continuously variable cost function
B
fixed cost function
C
mixed cost function
D
semi variable cost function
Correct Answer: continuously variable cost function
Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as continuously variable cost function. A variable cost is a corporate expense that changes in proportion to production output.