The cost function y = 1,000 + 5X
A) has a slope coefficient of 1,000.
B) has an intercept of 5.
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) has an intercept of 5. 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 is a linear function with a constant slope of 5. Therefore, it is a straight line.

The Cost Function Y = 1,000 + 5X