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Author Question: What are the two assumptions behind a simple linear cost function? Briefly explain the three ways ... (Read 95 times)

mpobi80

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Question 1

When estimating a cost function, cost behavior can be approximated by a linear cost function within the relevant range.
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Question 2

What are the two assumptions behind a simple linear cost function? Briefly explain the three ways that a linear cost function may behave?


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Marked as best answer by mpobi80 on Mar 6, 2021

Amiracle

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mpobi80

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Reply 2 on: Mar 6, 2021
Wow, this really help


xiazhe

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Reply 3 on: Yesterday
Excellent

 

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