Select the appropriate item for each of the definitions listed below.
-the y-intercept corresponds to the fixed cost
A)committed fixed cost
B)discretionary fixed cost
C)mixed cost
D)step cost

Question

Quizplus · Accepted Answer

The y-intercept in a cost function represents the fixed cost component of a mixed cost, which is the cost that does not change with the level of activity.

Select the Appropriate Item for Each of the Definitions Listed