Total Fixed Costs Can Be Expressed as Y = Vx

question 185

True/False

Total fixed costs can be expressed as y = vx, where y = total variable cost, v = variable cost per unit of activity, and x = volume of activity.

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Definitions:

Adaptation

in biology, refers to the process by which organisms adjust to changes in their environment to survive and reproduce, while in psychology, it can denote adjustments in cognitive or behavioral processes.

Organism

An organism is any living entity, ranging from a single-celled life form to more complex multicellular beings, such as humans.

Gestalt Psychology

A theory in psychology that proposes the human mind considers objects in their entirety before, or in parallel with, the perception of their individual parts.

Psychological Phenomena

Events, behaviors, or processes that relate to the mind and are exhibited through actions, thoughts, or emotions.