Suppose your cell phone company offers a plan under which you pay $15 for a 100-minute block.For each minute over 100 minutes you have to pay $0.10 per minute.This is an example of a
A)variable cost
B)mixed cost.
C)fixed cost.
D)step cost.

Question

Quizplus · Accepted Answer

This is an example of a mixed cost because there is a fixed cost of $15 for the 100-minute block, but the cost increases with each additional minute over 100. The variable cost is the additional cost per minute over the 100-minute block.

Suppose Your Cell Phone Company Offers a Plan Under Which