Expressing profits through the relationship among unit price,fixed costs,and variable costs is an example of
A)a sensitivity analysis model.
B)a quantitative analysis model.
C)a postoptimality relationship.
D)a parameter specification model.
E)None of the above

Question

Quizplus · Accepted Answer

Expressing profits through the relationship among unit price, fixed costs, and variable costs is a quantitative analysis model. This model involves using numerical data and mathematical calculations to analyze and make decisions about a business. It helps in understanding the relationship between different variables and how changes in one variable affect the overall profitability of the business.

Expressing Profits Through the Relationship Among Unit Price,fixed Costs,and Variable