A linear cost function can represent:
A)variable cost behaviours.
B)fixed cost behaviours.
C)mixed cost behaviours.
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

A linear cost function can represent variable costs, fixed costs, and mixed costs because it can be structured to include a fixed component (the intercept) and a variable component (the slope), thus covering all these cost behaviors.

A Linear Cost Function Can Represent