Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In describing the cost formula equation Y = a + bX , which of the following statements is correct? a . As the X term
In describing the cost formula equation Y a bX which of the following statements is correct?
a
As the X term increases, the Y term decreases
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
The a term is the fixed component
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started