Final answer:
The relationship between James' variable expenses (x) and fixed expenses (y) can be represented as follows: If y > x, it means that James spends more on fixed expenses than on variable expenses. Option C is correct.
Step-by-step explanation:
In the given scenario, James spends an average of x on variable expenses and y on fixed expenses. Fixed expenses, by definition, remain constant regardless of changes in other factors, whereas variable expenses fluctuate. Therefore, y, representing fixed expenses, will typically be higher or equal to x, the variable expenses, as fixed costs persist consistently each month. Hence, the relationship between y and x indicates that the amount spent on fixed expenses (y) is generally greater than the amount spent on variable expenses (x).
This relationship is grounded in the nature of fixed and variable expenses. Fixed expenses encompass essential payments like rent or subscriptions, maintaining a steady cost regardless of external factors. Conversely, variable expenses, like groceries or entertainment, fluctuate based on usage or consumption. Consequently, the average expenditure on fixed expenses, y, tends to exceed or equal the spending on variable expenses, x.
Correct Answer: C) y > x