Question

Green Angel Inc. incurs the following utilities costs at different levels of production: 0 units: $740...

Green Angel Inc. incurs the following utilities costs at different levels of production:

0 units: $740

1,000 units: $5,250

1,500 units $7,500

How would utility costs be properly classified?

variable

fixed

curvilinear

mixed

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Answer #1
The Correct answer is mixed

From the above bifurcation it is clear that there are two components i.e. fixed and variable in producing the unit and also the variable cost is same irrespective of the output produced and hence it is not curvilinear, It is mixed cost

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