A cost with a flat cost line within a relevant range that shifts to another level when volume significantly changes is a(n): incremental cost. curvilinear cost. flat line cost. step-wise cost. fixed cost.

step-wise fixed cost

Explanation:

A step cost is a cost that remain the same with a range of activities but has the tendency to rise significantly when activity exceeds the normal range.

For example, For a school that pays $10,000  as rent for a classroom of 20-seater capacity, the rent would be fixed as long as the  number of students is within 1 to 20, when the number of students exceed 20, then the school owner will need to get a bigger classroom and that  will cost more.

So the rent becomes an example of  stepped-fixed cost

answer; the correct answer should be (demonstrations); good luck

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi