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

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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