Question

There are certain costs which are neither fixed nor variable. Justify the statement ​

Answer 1

Answer:

As is true for every system in the world, the cost is subject to change as the factors that it depends on change. This gives rise to the concept of variable cost. In the following section, we will see what we mean by variable cost, fixed and semi-variable cost. We will also focus on solving some questions from the concepts of variable cost etc.

Answer 2

Refer the attached image for the answer

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