Question 1
The cost function y = 13,000 + 9X ________.
◦ represents a mixed cost
◦ will intersect the y-axis at 9
◦ has a slope coefficient of 13,000
◦ is a curved line
Question 2
The cost function y = 2,700 + 8X ________.
◦ has a slope coefficient of 2,700
◦ has an intercept of 8
◦ is a straight line
◦ represents a fixed cost