Global Eco
Questions and answers
Q. Describe the difference between a variable cost and step- variable cost. When s it reasonable to treat step-variable costs as if they were variable cost?
Q. What are the advantages of the scatterplot method over the high-low method? The high-low method over the scatterplot method?
Q. What is meant by the best-fitting line? Is the best fitting line necessarily a good -fitting line? Explain.