The Cost Function Y = 1000 + 5X

question 40

Multiple Choice

The cost function y = 1000 + 5X:

• A)is a straight line.
• B)has a slope coefficient of 1000.
• C)has an intercept of 5.
• D)represents a fixed cost.

---

Definitions:

Opportunity Cost

The financial consequence of rejecting the subsequent optimal choice when deciding.

TV Commercials

Short segments on television intended to persuade viewers to buy products or services.

Investment

The purchase of goods that are not consumed today but are used in the future to create wealth.

Google Stock

Equity shares of Alphabet Inc., the parent company of Google, representing ownership in one of the world's leading technology firms.