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What is the y-intercept? (Hint: This is the overhead cost Monica pays each month. A y-intercept is an ordered pair (x, y).)

a) The variable cost
b) The fixed cost
c) The total cost
d) The marginal cost

1 Answer

4 votes

The y-intercept is a) The variable cost.

What is the y-intercept?

In the question, we are told that the y-intercept is the overhead cost Monica pays each month. In the question, we are told that Monica pays $2500 per head for her overhead costs to run the studio.

Overhead costs are the changing manufacturing costs involved in running a business. So, in the case of Monica, the amount of $2500 is a variable cost or overhead cost involved in running the business. Option A is thus correct. These costs include the indirect material cost, the indirect labor costs and the indirect expenses costs.

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