The cost function y = 150 + 10X ________.
A) has a slope coefficient of 150
B) has an intercept of 150
C) is a nonlinear
D) represents a fixed cost

Name: The cost function y = 150 + 10X ________. A) has a slope coefficient of 150 B) has an intercept of 150 C) is a nonlinear D) represents a fixed cost
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Question

Quizplus · Accepted Answer

The cost function is in the form of y=mx+b, where b is the intercept. Therefore, the intercept of the function is 150.

The Cost Function Y = 150 + 10X ________