What Is the Formula to Calculate the Variable Rate of a Mixed

question 96

Multiple Choice

What is the formula to calculate the variable rate of a mixed cost when using the high-low method?

• A)total cost at high point ? (variable rate × output at high point)
• B)total cost at high point ? (variable rate × output at low point)
• C) \(\frac{\text {high point output - low point output }}{\text { high point cost - low point cost}}\)
• D) \(\frac{\text { high point cost }- \text { low point cost }}{\text { high point output - low point output }}\)

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Definitions:

Duopoly

A market structure characterized by two producers or sellers dominating the market.

Dominant Strategy

In game theory, a strategy that is optimal for a player, regardless of the strategies chosen by other players in the game.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.

Payoff Matrix

A table that shows the potential outcomes of different decisions in a strategic situation, used in game theory to analyze choices and consequences.