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queation is : Descibe the relationship between the output & costs in the form of a linear equation. what is mean? please help!!!
A linear equation is one that graphs as a straight line and is always of the form:
y = a + bx (where a and b are constants).For the relationship between costs and output, y will be the cost and x will be the output in units.
So, if the equation was (for example) y = 20 + 3x then for any value of x (output) you could calculate the cost (y).
The object of the exercise is to calculate what the values of a and b are.
another question is chapter 4 – question 5, ask about graphs, I have no idea that how to answer and also don’t understand. Please kindly help why the answer is B!!!
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