For liability insurance,Dizzy pays a set monthly fee plus a small additional amount for every patron entering the park.The cost of liability insurance would best be described as a:
A) fixed cost
B) mixed cost
C) step-variable cost
D) true variable cost

Question

Quizplus · Accepted Answer

The cost of liability insurance includes both a fixed monthly fee and a variable amount that depends on the number of patrons entering the park, making it a mixed cost.

For Liability Insurance,Dizzy Pays a Set Monthly Fee Plus a Small