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A business has collected data about a cost, at four different levels of production: when production was 100 units, the cost totalled $1,000; when production was 150 units, the cost totalled $1,500; when production was 200 units, the cost totalled $1,500 and when production was 250 units, the cost totalled $2,000. Which of the following best describes the behaviour of this cost? A. A step cost. B. A semi-variable (or mixed) cost. C. A fixed cost. D. A variable cost. |