All cost functions are linear 1) All cost functions are linear. 2) In a cost function y = 18,000, the slope coefficient is zero. 3) When estimating a cost function, cost behavior can be approximated by a linear cost function within the relevant range. 4) y = a + bX, y = a, and y = bX are the three basic types of linear cost functions. 5) All other things being equal, the longer the time horizon the more likely a cost will be fixed. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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