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In describing the cost formula equation Y = a + bx, which of the following statements is NOT correct? A a is the fixed component.

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In describing the cost formula equation Y = a + bx, which of the following statements is NOT correct? A "a" is the fixed component. B In the high-low method, "b" equals change in activity divided by change in costs. C "X" is the level of activity. As "X" increases "Y" increases

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