In the equation y = $11.75x + $550,
A)$550 are the total step costs.
B)$550 are the total overhead costs.
C)$550 are the total variable costs.
D)$550 are the total fixed costs.

Question

Quizplus · Accepted Answer

In the equation y = $11.75x + $550, the $550 represents the y-intercept, which is the vertical intercept of the line and represents the fixed cost component. Therefore, option D is correct as it states that $550 are the total fixed costs.

In the Equation Y = $11.75x + $550