Which of the following mathematical expressions best describes a mixed cost? A) Y = bX B) Y = a C) Y = a + bX D) Y = a_i

Name: Which of the following mathematical expressions best describes a mixed cost? A) Y = bX B) Y = a C) Y = a + bX D) Y = a i
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Mixed costs consist of both fixed and variable components. The expression Y = a + bX captures this, where 'a' represents the fixed cost and 'bX' represents the variable cost that changes with the level of activity 'X'.

Which of the Following Mathematical Expressions Best Describes a Mixed