In the cost formula TC = F + VX, which variable is considered to be the independent variable?
A) TC
B) F
C) V
D) X

Name: In the cost formula TC = F + VX, which variable is considered to be the independent variable? A) TC B) F C) V D) X
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Question

Quizplus · Accepted Answer

In the cost formula TC = F + VX, X is considered the independent variable because it represents the quantity of goods or services produced, which determines the total cost (TC) when multiplied by the variable cost per unit (V) and added to the fixed cost (F).

In the Cost Formula TC = F + VX, Which