The wages of a machine operator who is paid a guaranteed minimum wage plus a bonus for each unit produced would be described as A.
A. Fixed cost
B. Semi-variable cost
C. Variable cost
D. Stepped fixed cost
Answer: B
The wages of a machine operator who is paid a guaranteed minimum wage plus a bonus for each unit produced would be described as A.
A. Fixed cost
B. Semi-variable cost
C. Variable cost
D. Stepped fixed cost
Answer: B