In the equation y = $7.20x + $790, "x" represents
A)number of units produced.
B)total fixed costs.
C)total costs.
D)none of the above.

Name: In the equation y = $7.20x + $790, "x" represents A)number of units produced. B)total fixed costs. C)total costs. D)none of the above.
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Question

Quizplus · Accepted Answer

In this equation, "y" represents the total cost and "$7.20x" represents the variable cost of producing "x" units. Therefore, "x" represents the number of units produced.

In the Equation Y = $7