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A cost function is a mathematical description 1) The cost function y = 10,000 + 3X ________. A) represents a mixed cost B) will intersect the y-axis at 3 C) has a slope coefficient of 10,000 D) is a curved line 2) Which of the following functions represents the least total cost assuming the number of units is equal in each case? A) y = 180 + 7X B) y = 90 + 6X C) y = 90 + 7X D) y = 180 + 6X 3) Which of the following is an equation of a fixed cost function? A) y = (a + b)X B) y = a + bX C) y = bX D) y = a 4) One assumption frequently made in cost behavior estimation is that changes in total costs can be explained by changes in the level of a single activity. 5) A cost function is a mathematical description of how a cost changes with changes in the level of an activity relating to that cost. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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