The following cost formula was developed using monthly data for a retail clothing store. Total cost = $75,620 + ($242 × number of customers)
The term "total cost"
A) is the independent variable.
B) is the dependent variable.
C) is the intercept.
D) is the variable rate.

Question

Quizplus · Accepted Answer

The term "total cost" depends on the number of customers, making it the dependent variable.

The Following Cost Formula Was Developed Using Monthly Data for a Retail