Question: In describing the cost formula equation, Y = a + bX, which of the following is correct: Select one: a. X is the number of

In describing the cost formula equation, Y = a + bX, which of the following is correct: Select one:

a. "X" is the number of units

b. "a" and "b" are valid for all levels of activity

c. "Y" is the independent variable

d. "a" is the variable cost per unit

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