loader  Loading... Please wait...

Question(s) / Instruction(s):

In describing the cost formula equation Y = a + bX, which of the following statements is correct? 

a)            "X" is the dependent variable.

b)            As "X" increases "Y" decreases.

c)            "a" is the fixed component.

d)            In the high-low method, "b" equals change in activity divided by change in costs.

Find Similar Answers by Subject

Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)

Expert's Answer
Download Solution:

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)

You Recently Viewed...

Reach Us