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

The linear equation Y = a + bX is often used to express cost formulas. In this equation:

Answers:

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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