When you call a function, its parameters may transfer data to the function, back from the function, or both directions. The second sort of them is called as output variable.
What is the total variable cost when output is 100 units in Figure 6.2
tvc will also inscrease as output increase
Change depending on the level of output
False, it is the fixed cost which is not increased or decreased with proportion to output.
Fixed costs are costs that do not vary with the level of output, such as rent and insurance premiums. Variable costs are costs that change with the level of output, such as wages and raw materials.
Output variable
No, it usually is not.
If the output increases, so will the variable cost. Though, variable cost is not directly proportionate to the output, still it will witness an incline.
In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost
because it can change according to the independent variable. this dependent variable depends on the independent variable for its output. the independent variable is not affected by the dependent variable because the independent variable if found out first.
true.
Dependent variable
The independent variable. The output variable is dependent on this variable's value and so is called the dependent variable.
fixed cost will not change with the change in output variable cost will change with chang in output
the input variable is called the independent variable and the output variable is called the dependent variable.
Yes, the dependent variable is also known as the output variable because it is the variable that is being measured or observed in an experiment or study. The value of the dependent variable depends on the independent variable(s) in the study.
You cannot.