Semi-fixed costs are best defined as:

Name: Semi-fixed costs are best defined as:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Semi-fixed costs have both fixed and variable elements, meaning that part of the cost remains fixed and a part varies with the level of output or activity. This makes them different from fixed costs, which remain constant regardless of the level of output or activity, and variable costs, which change in direct proportion to the level of output or activity.

Semi-Fixed Costs Are Best Defined As