Which symbol in the mixed-cost function, Y = F + VX, represents the slope?
A) V
B) F
C) X
D) Y

Name: Which symbol in the mixed-cost function, Y = F + VX, represents the slope? A) V B) F C) X D) Y
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Question

Quizplus · Accepted Answer

V represents the slope (or variable cost per unit) in the mixed-cost function. F represents the fixed cost component and X represents the level of activity or number of units produced. Y represents the total cost.

Which Symbol in the Mixed-Cost Function, Y = F