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In describing the cost formula equation Y = a + bX , which of the following statements is correct? a . The a term is
In describing the cost formula equation Y a bX which of the following statements is correct?
a
The a term is the fixed component
b
In the highlow method, the b term equals change in activity divided by change in costs
c
The X term is the dependent variable
d
As the X term increases, the Y term decreases
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