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Homework answers / question archive / In describing the cost formula equation Y = a + bx, which of the following statements is correct? A "a" is the fixed component
In describing the cost formula equation Y = a + bx, which of the following statements is correct? A "a" is the fixed component. B "X" is the dependent variable. As "X" increases "Y" decreases. D) In the high-low method, "b" equals change in activity divided by change in costs.
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