In the Mixed- Cost Function, Y = $59,000 + $7

question 3

Multiple Choice

In the mixed- cost function, Y = $59,000 + $7.70X, the $7.70 stands for:

• A) number of units of the cost driver
• B) total fixed cost
• C) total cost
• D) variable cost per unit of cost driver

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Definitions:

Muller V. Oregon

1908 Supreme Court decision that held that state interest in protecting women could override liberty of contract. Louis D. Brandeis, with help from his sister-in-law Josephine Goldmark of the National Consumers League, filed a brief in Muller that used statistics about women’s health to argue for their protection.

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.

Liberty of Contract

A legal principle that individuals have the freedom to negotiate the terms of their own contracts without unnecessary interference by the government.

Robert M. La Follette

An American Republican and later a Progressive politician, U.S. Senator, and a co-founder of the Progressive Party, known for his advocacy of direct democracy, labor rights, and educational reforms.