The cost function y = 1,000 + 5X
A)has a slope coefficient of 1,000.
B)is curvilinear because of the 5X.
C)is a straight line.
D)represents a fixed cost.
E)is missing the slope coefficient.

Name: The cost function y = 1,000 + 5X A)has a slope coefficient of 1,000. B)is curvilinear because of the 5X. C)is a straight line. D)represents a fixed cost. E)is missing the slope coefficient.
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Question

Quizplus · Accepted Answer

The cost function y = 1,000 + 5X has a constant slope of 5, which makes it a straight line.

The Cost Function Y = 1,000 + 5X