y = a + bX,y = a,and y = bX are the three basic types of linear cost functions.

Name: y = a + bX,y = a,and y = bX are the three basic types of linear cost functions.
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Quizplus · Accepted Answer

This statement is true. The linear cost function can be expressed in any of these three basic forms, where "y" represents the total cost, "a" represents the fixed cost, and "b" represents the variable cost per unit of "X".

Y = a + BX,y = A,and Y = BX