What is the term used to describe costs that increase in steps?
A)fixed costs.
B)variable costs.
C)mixed costs.
D)semi-fixed costs.

Question

Quizplus · Accepted Answer

Semi-fixed costs, also known as semi-variable costs, are costs that consist of both fixed and variable cost components. These costs increase in steps as production or activity levels increase, as the fixed component remains constant until a certain point where an increase in activity forces the fixed cost to increase as well.

What Is the Term Used to Describe Costs That Increase