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Under method of least squares, a linear equation is developed in the form of ______ wherein Y is total cost, a = fixed cost, b = marginal cost and X is output.

A. Y = a + bX

B. Y = a - bX

C. Y = a * bX

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above