Question: The following cost formula was developed by using monthly data for a hospital. Total Cost = $128,000,000 + ($12,000 x Number of Patient Days) In

The following cost formula was developed by using monthly data for a hospital.

Total Cost = $128,000,000 + ($12,000 x Number of Patient Days)

In the cost formula, the term "Total cost"

a.is the variable rate.

b.is the intercept.

c.is the dependent variable.

d.is the independent variable.

e.cannot be determined from the above formula.

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