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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.

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