erinbyrne8415 erinbyrne8415

07-04-2018
Mathematics

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In the cost equation y = vx + f the term "v" stands for

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MrEquation MrEquation

17-04-2018

V is the variable cost per unit.

In other words, it is the slope of the function. It is the amount that the cost is going up each unit. It is the change in the equation. The F would be the starting or fixed cost.

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