In the Formula Y = a + BX,a Represents

question 88

Multiple Choice

In the formula y = a + bX,a represents

• A)mixed cost.
• B)variable cost.
• C)total cost.
• D)fixed cost.

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Definitions:

Opportunity Cost

The cost of foregone alternatives when a decision is made, essentially what is given up to undertake a certain action.

Alternative Use

speaks to the different ways an asset or resource can be utilized outside its current application, highlighting its opportunity cost.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to invest resources in one option over another.

Hard Drive

A data storage device used for storing and retrieving digital information, typically using rapidly rotating disks coated with magnetic material.