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