The Cost Function Y = $3,000 + $2X

question 84

Multiple Choice

The cost function y = $3,000 + $2X:

• A)represents a fixed cost.
• B)represents a mixed cost.
• C)represents a variable cost.
• D)has a constant of $3002X.
• E)has a constant of intercept 2X.

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Definitions:

Crowding Model

A theory suggesting that public sector spending reduces the amount of resources available for the private sector.

Occupational Segregation

The division of labor based on demographic characteristics, such as gender, ethnicity, or race, leading to a concentration of individuals in certain occupations.

Gender Discrimination

The unfair treatment of individuals based on their gender, resulting in disadvantages in employment, education, and other areas.