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 plan is an example of a mixed cost as it includes a fixed cost of $15 for the first 100 minutes and a variable cost of $0.10 per minute for any additional minutes used.

Suppose Your Cell Phone Company Offers a Plan Under Which