The Linear Equation Y = a + BX Is Often

question 113

Multiple Choice

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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Definitions:

Federal Government

refers to the national government of a country, which is responsible for governing the country as a whole, as opposed to state, provincial, or local governments.

Clean Water Act

In environmental law, a federal statute that sets requirements for limiting the pollution of the nation’s water sources according to a schedule, based on the most effective technology currently available.

Pollutants

Substances that contaminate the environment, causing harm or discomfort to living organisms.

Waterways

Natural or man-made bodies of water, used for transportation, power, or irrigation.