Answer:
Series Nature
Series A Curvilinear
Series B Step-wise
Series C Fixed
Series D Variable
Series E Mixed
Explanation:
a) Data and Analysis:
Volume (Units) Series A Series B Series C Series D Series E
0 $ 0 $ 2,400 $ 6,400 $ 0 $ 3,200
400 6,700 2,400 6,400 4,160 3,800
800 7,370 3,400 6,400 8,320 4,400
1,200 8,040 3,400 6,400 12,480 5,000
1,600 9,157 4,400 6,400 16,640 5,600
2,000 10,720 4,400 6,400 20,800 6,200
2,400 15,075 5,400 6,400 24,960 6,800
b) Further Explanation:
Fixed cost: Series C costs remain fixed no matter the quantity produced.
Variable cost: Series D costs are completely variable, with a unit variable cost of $10.40.
Mixed cost: Series E costs are mixed, with a fixed cost of $3,200 and a variable cost per unit of $1.50.
Step-wise cost: Series B costs increase like a staircase. They remain fixed within a relevant range but increase after the range is exceeded.
Curvilinear cost: Series A costs are curvilinear or nonlinear, and increases irregularly or inconsistently as the total output increases.
