Question: Question 7 ( 1 point ) In describing the cost formula equation Y = a + b x , which of the following statements is

Question 7(1 point)
In describing the cost formula equation Y=a+bx, which of the following statements is correct?
As the x term increases, the Y term decreases.
The a term is the fixed component.
In the high-low method, the b term equals change in activity divided by change in costs.
The x term is the dependent variable.
Question 7(1 point) In describing the cost formula equation Y=a+bx, which

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