Total Cost (T) = Fixed Cost (F) plus Variable Cost (V) or T = F
+ V. The dependent variable is T because as F & V change, T
depends on the values of F & V. The independent variables
(plural; two) are F & V. F and V change independent of T. You
can also think of the above as cause (independent) and effect
(dependent). The cause of F & V changing has the effect of T
changing. So, in the above equation, there are two independent
variables; F & V.