Mathematics, 07.07.2021 23:50 moorega2100

The linear equation Y = a + bX is often used to express cost formulas. In this equation: a) the b term represents variable cost per unit of activity.
b) the a term represents variable cost in total.
c) the X term represents total cost.
d) the Y term represents total fixed cost.

Answers: 3

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The linear equation Y = a + bX is often used to express cost formulas. In this equation: a) the b term represents variable cost per unit of activity. b) the a term represents variable cost in total. c) the X term represents total cost. d) the Y term represents total fixed cost.

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Another question on Mathematics

The linear equation Y = a + bX is often used to express cost formulas. In this equation: a) the b term represents variable cost per unit of activity.
b) the a term represents variable cost in total.
c) the X term represents total cost.
d) the Y term represents total fixed cost.