The functional form of a cost is given as: Y = a + bX. In this equation, "b" represents:
A. fixed cost in total
B. fixed cost per unit
C. variable cost in total
D. variable cost per unit
Answer: D
The functional form of a cost is given as: Y = a + bX. In this equation, "b" represents:
A. fixed cost in total
B. fixed cost per unit
C. variable cost in total
D. variable cost per unit
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.