ECONOMICS

Detailed explanation-1: -Mixed cost is the total cost that combines two types of costs, i.e., fixed costs and variable costs, and therefore implies that a part of this cost doesn’t change (fixed cost) with changes in production volume. However, the other part (variable cost) changes with the volume or quantity produced.

Detailed explanation-2: -Marginal cost includes both fixed cost and variable cost.

Detailed explanation-3: -Fixed costs remain the same no matter how many units you produce or sell. Variable costs are directly tied to your sales and production. They fluctuate as your output increases and decreases. Mixed costs are a combination of your fixed and variable costs.

Detailed explanation-4: -Mixed costs are comprised of both fixed costs and variable costs, and as a result, mixed costs increase proportionately with an increases in activity level.-the normal range of output (activity) within which the company operates.-the range wherein fixed costs are always fixed.

Detailed explanation-5: -What is a Mixed Cost? A mixed cost is a cost that contains both a fixed cost component and a variable cost component. It is important to understand the mix of these elements of a cost, so that one can predict how costs will change with different levels of activity.