A step fixed-cost function:
A)is fixed over the short run but not over the long run
B)is often approximated with a continuous variable-cost function
C)remains the same over a narrow range of activity
D)example includes setup costs

Question

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The Answer of A step fixed-cost function:
A)is fixed over the short run but not over the long run
B)is often approximated with a continuous variable-cost function
C)remains the same over a narrow range of activity
D)example includes setup costs

A Step Fixed-Cost Function