In the equation y = $11.75x + $550, "y" represents
A)total costs.
B)total fixed costs.
C)variable costs/unit.
D)none of the above.

Name: In the equation y = $11.75x + $550, "y" represents A)total costs. B)total fixed costs. C)variable costs/unit. D)none of the above.
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Question

Quizplus · Accepted Answer

In the given equation, "x" is the number of units produced and "y" represents the total costs, which includes both the fixed cost ($550) and the variable cost ($11.75x) per unit produced.

In the Equation Y = $11