Multiple Choice
Assume you are planning a spring break ski trip to Colorado.You are preparing a budget of your costs.You are staying at a lodge that has a special where the lodge charges you $25 for the first 30 ski lift rides and an additional charge of $5 for each ride in excess of 30.You believe you will ride the ski lift 40 times during the week, so you budget $75.The ski lift cost is an example of a
A) fixed cost.
B) variable cost.
C) mixed cost.
D) step cost.
Correct Answer:
Verified
Correct Answer:
Verified
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