{"id":46657,"date":"2024-04-15T22:15:31","date_gmt":"2024-04-15T22:15:31","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46657"},"modified":"2024-04-15T22:15:31","modified_gmt":"2024-04-15T22:15:31","slug":"in-quantitative-analysis-to-estimate-cost-function-fourth-step-is-to","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-quantitative-analysis-to-estimate-cost-function-fourth-step-is-to\/","title":{"rendered":"In quantitative analysis to estimate cost function, fourth step is to"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;write a liner function&#8221; option2=&#8221;write price function&#8221; option3=&#8221;write manufacturing function&#8221; option4=&#8221;plot data&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>D. plot data<\/strong><\/p>\n<p>The fourth step in quantitative analysis to estimate cost function is to plot data. This is done by plotting the cost of production against the quantity produced. The resulting graph is called a cost curve. The cost curve can be used to estimate the cost of production for any given quantity produced.<\/p>\n<p>The other options are incorrect because they are not steps in quantitative analysis to estimate cost function.<\/p>\n<ul>\n<li>Option A is incorrect because writing a linear function is not a step in quantitative analysis to estimate cost function.<\/li>\n<li>Option B is incorrect because writing a price function is not a step in quantitative analysis to estimate cost function.<\/li>\n<li>Option C is incorrect because writing a manufacturing function is not a step in quantitative analysis to estimate cost function.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;write a liner function&#8221; option2=&#8221;write price function&#8221; option3=&#8221;write manufacturing function&#8221; option4=&#8221;plot data&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-46657","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In quantitative analysis to estimate cost function, fourth step is to<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/in-quantitative-analysis-to-estimate-cost-function-fourth-step-is-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In quantitative analysis to estimate cost function, fourth step is to\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;write a liner function&#8221; 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