When managers graph a linear cost function with one cost driver, the intercept represents the ________ cost and the slope represents the ________ cost.
a. fixed; variable |
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b. variable; fixed |
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c. fixed; mixed |
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d. variable; mixed |
When managers graph a linear cost function with one cost driver, the intercept represents the fixed cost and the slope represents the variable cost. |
The intercept represents a constant that is independent. The slope is the coefficient of the independent variable and is dependent. |
The constant represents the fixed cost and the slope which changes with output is variable cost. |
Option A fixed; variable is correct |
When managers graph a linear cost function with one cost driver, the intercept represents the ________...
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