Multiple Choice
A student group is taking a trip. The group expects between 100 and 200 students. The group could hire its own buses, or give students tickets to use existing bus companies. Each bus it hires holds 40 students. If it gives students tickets to existing bus companies, it can buy exactly the number of tickets needed. In this example, the cost of giving tickets to students to existing bus companies is an example of a
A) Variable cost
B) Fixed cost
C) Step cost
D) Mixed cost
Correct Answer:
Verified
Correct Answer:
Verified
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