{"id":57247,"date":"2024-04-16T00:58:42","date_gmt":"2024-04-16T00:58:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57247"},"modified":"2024-04-16T00:58:42","modified_gmt":"2024-04-16T00:58:42","slug":"cost-pattern-when-production-inputs-are-to-be-used-in-discrete-functions-but-quantities-are-fractional-will-be-categorized-as","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/cost-pattern-when-production-inputs-are-to-be-used-in-discrete-functions-but-quantities-are-fractional-will-be-categorized-as\/","title":{"rendered":"Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97deb669973\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    continuously variable cost function                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    fixed cost function                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    mixed cost function                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    semi variable cost function                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>D. semi variable cost function<\/strong><\/p>\n<p>A semi-variable cost is a cost that has both fixed and variable components. The fixed component of a semi-variable cost remains constant over a given range of activity, while the variable component changes in proportion to the level of activity.<\/p>\n<p>In the case of production inputs that are to be used in discrete functions, but quantities are fractional, the cost of the inputs will be a semi-variable cost. This is because the cost of the inputs will be fixed for a given level of activity, but will increase as the level of activity increases.<\/p>\n<p>For example, if a company produces widgets, the cost of the materials used to produce the widgets will be a semi-variable cost. The cost of the materials will be fixed for a given level of production, but will increase as the level of production increases.<\/p>\n<p>The other options are incorrect because they do not accurately describe the cost pattern in question.<\/p>\n<ul>\n<li>Option A, continuously variable cost function, is incorrect because it describes a cost that changes in direct proportion to the level of activity. In the case of production inputs that are to be used in discrete functions, but quantities are fractional, the cost of the inputs will not change in direct proportion to the level of activity.<\/li>\n<li>Option B, fixed cost function, is incorrect because it describes a cost that remains constant over a given range of activity. In the case of production inputs that are to be used in discrete functions, but quantities are fractional, the cost of the inputs will not remain constant over a given range of activity.<\/li>\n<li>Option C, mixed cost function, is incorrect because it describes a <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n   <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>                  <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> cost that has both fixed and variable components. In the case of production inputs that are to be used in discrete functions, but quantities are fractional, the cost of the inputs will be a semi-variable cost, which is a type of mixed cost.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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