The Cost Function Y = 300 + 2X ________

question 43

Multiple Choice

The cost function y = 300 + 2X ________.

• A) has a slope coefficient of 300
• B) has an intercept of 300
• C) is a nonlinear
• D) represents a fixed cost

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Definitions:

Foreign Aid

Financial or other forms of assistance given by one country to another, often to support economic development, humanitarian efforts, or political stability.

Redesigning

The process of planning and creating something in a different way to improve it or change how it works or looks.

Detrimental Effects

Negative impacts or consequences that can harm or hinder someone or something's state, functioning, or well-being.

Gross National Product

The total value of all goods and services produced by a country's residents and businesses, including those produced abroad, over a specific time period.