In the equation: y = vx + f,what term represents the variable cost per unit of activity? (Assume x represents the volume of activity.)
A)f
B)v
C)y
D)vx

Question

Quizplus · Accepted Answer

In the equation, "v" represents the variable cost per unit of activity. The term "f" represents the fixed cost component, while "x" represents the volume of activity, and "y" represents the total cost. Therefore, choice B (v) is the correct answer.

In the Equation: Y = Vx + F,what Term Represents