If the revenue R is specified as a function of selling price ?s, which variable is independent ?
A) R
B) s

Question

If the revenue  R is specified as a function of selling price ?s, which variable is independent  ?
A) R
B) s

Quizplus · Accepted Answer

The independent variable is the variable that is manipulated or chosen by the experimenter, and in this case, the selling price is chosen by the seller, and the revenue is the result of the selling price chosen. Therefore, the independent variable is the selling price, denoted as ​s, and the dependent variable is the revenue, denoted as R.

If the Revenue R Is Specified as a Function