Question: 13. The linear equation Y = a + bX is often used to express cost formulas. In this equation: A. the b term represents variable

13. The linear equation Y = a + bX is often used to express cost formulas. In this equation: A. the b term represents variable cost per unit of activity. B. the a term represents variable cost in total. C. the X term represents total cost. D. the Y term represents total fixed cost.

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