Which step is performed first when using the high-low method?
A)Find the vertical intercept
B)Write the cost equation
C)Predict total cost
D)Find the slope

Question

Quizplus · Accepted Answer

The high-low method involves finding the slope of the cost function by dividing the change in cost by the change in activity level between the highest and lowest points. Therefore, finding the slope is the first step.

Which Step Is Performed First When Using the High-Low Method