Asked by
Shevonne Simeon
on Nov 19, 2024
Verified
Cost behavior is considered curvilinear whenever a straight line is a reasonable approximation for the relation between cost and activity.
Cost Behavior
Refers to the way different types of production costs change when there is a change in the level of production.
Curvilinear
Describing a line or surface that is bent, curved, or continuously changing direction, and not straight or circular in the context of mathematics or physics.
- Acquire insight into the idea of the relevant range and how it applies to managing costs.
Verified Answer
RM
Learning Objectives
- Acquire insight into the idea of the relevant range and how it applies to managing costs.