Question: The cost function y = 1,000 + 5X (Points : 5) A.) represents a fixed cost. B.) is not a straight line. C.) has an

The cost function y = 1,000 + 5X (Points : 5)

A.) represents a fixed cost.

B.) is not a straight line.

C.) has an intercept of 1,000.

D.) has a slope coefficient of 1,000.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!