One of the Simplest Methods to Measure a Linear Cost

question 40

Multiple Choice

One of the simplest methods to measure a linear cost function from past data is the

• A) account method.
• B) high-low method.
• C) least-squares regression method.
• D) mixed cost method.

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Definitions:

GATT

General Agreement on Tariffs and Trade, an international treaty designed to reduce trade barriers and promote international commerce.

Unilateral Approach

A policy or action undertaken by a single government or organization independently, rather than by agreement with others.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no barriers such as tariffs, quotas, or legislation.

Subsidize

To provide financial assistance to individuals or businesses, typically done by the government to support specific economic activities.