In the formula Y = a + bx, bx refers to the
A)total variable costs.
B)intercept.
C)dependent variable.
D)independent variable.

Question

Quizplus · Accepted Answer

In the formula Y = a + bx, bx represents the total variable costs, where b is the variable cost per unit and x is the number of units. This term varies with the level of activity or production, unlike the intercept a, which represents fixed costs.

In the Formula Y = a + Bx, Bx Refers