Question

When managers graph a linear cost function with one cost driver, the intercept represents the ________...

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

b. variable; fixed

c. fixed; mixed

d. variable; mixed

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Answer #1
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
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