The cost function y = 10,000 + 3X ________.
A) represents a mixed cost
B) will intersect the y-axis at 3
C) has a slope coefficient of 10,000
D) is a curved line

Question

Quizplus · Accepted Answer

The cost function includes both a fixed cost component (y-intercept of 10,000) and a variable cost component (slope coefficient of 3X), making it a mixed cost. The answer choices B, C, and D are incorrect because they do not accurately describe the characteristics of the cost function.

The Cost Function Y = 10,000 + 3X ________