Within the relevant range, a curvilinear cost function can sometimes be graphed as a:
A) sloping straight line.
B) jagged line.
C) vertical straight line.
D) curved line.
E) horizontal straight line.

Question

Quizplus · Accepted Answer

Within the relevant range, a curvilinear cost function can sometimes be approximated as a sloping straight line for simplicity in analysis and decision-making.

Within the Relevant Range, a Curvilinear Cost Function Can Sometimes