Question: Determine if each situation below describes a variable cost, fixed cost, or mixed cost. Prompt 1 As the number of broomsticks produced increases, the cost

Determine if each situation below describes a variable cost, fixed cost, or mixed cost.
Prompt 1As the number of broomsticks produced increases, the cost per broomstick remains the same
Answer for prompt 1 As the number of broomsticks produced increases, the cost per broomstick remains the same
Prompt 2Potter Broomsticks pays $4,000 per month for broomstick magic
Answer for prompt 2 Potter Broomsticks pays $4,000 per month for broomstick magic
Prompt 3Gringotts Wizarding Bank charges 5 knuts for each transaction and 1 sickle per month to maintain an account
Answer for prompt 3 Gringotts Wizarding Bank charges 5 knuts for each transaction and 1 sickle per month to maintain an account
Prompt 4Potter Company pays workers 8 sickles per boom in wages

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