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Question 1: Which of the following are linear cost functions? Which are mixed cost functions? Given: Y = total costs, X1 = production volume, and X2 = number of batches produced.
1. Y = 4,000 + 3X1 + 45X2
2. Y = 1,500 + 6X1 + 4X2
3. Y = 16,780
4. Y = 4.5X
5. Y = 12,450 + 3.20X2
How many units should Sheridan Hats produce in April? Sheridan Hats is planning to sell 660 straw hats in April. Each hat requires ½ kilogram
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