Question: Let Y = total costs, X1 = production volume, X2 = number of setups. Which of the following are linear cost functions? Which are mixed
Let Y = total costs, X1 = production volume, X2 = number of setups. Which of the following are linear cost functions? Which are mixed cost functios?
a. Y = $8 X1
b. Y = $1,500
c. Y = $8,500 + $1.50 X1
d. Y= $3,000 + $6X1 + $30 X2
e. Y = $9,000 + $3(X1 × X2)
f. Y = $5,000 + $4.00X1
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