Select the appropriate item for each of the definitions listed below.
-it corresponds to the fixed cost
A)dependent variable
B)independent variable
C)intercept
D)slope

Question

Quizplus · Accepted Answer

The intercept corresponds to the fixed cost, as it represents the value of the dependent variable (e.g. total cost) when the independent variable (e.g. quantity produced) is zero.

Select the Appropriate Item for Each of the Definitions Listed