The Y-axis on a graph plots the dependent variable.
If you wanted to see how the cost of labor effects profit, the cost of labor would be the independent variable. The higher the cost of labor, the lower the profit would be. Therefore the profit depends on the cost of labor; it is the dependent variable plotted on the Y axis.
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!