The term for the cost relationship where costs remain the same for certain levels of output, and then jump to higher levels at higher levels of output, is a "semi-variable cost."

Question

Quizplus · Accepted Answer

The term for the cost relationship where costs remain the same for certain levels of output, and then jump to higher levels at higher levels of output, is actually a "step cost". A semi-variable cost is a cost that has both a fixed and a variable component.

The Term for the Cost Relationship Where Costs Remain the Same