{"id":56581,"date":"2024-04-16T00:47:09","date_gmt":"2024-04-16T00:47:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56581"},"modified":"2024-04-16T00:47:09","modified_gmt":"2024-04-16T00:47:09","slug":"fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/","title":{"rendered":"Fifth step in quantitative analysis of estimating cost function is to"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;estimate cost function&#8221; option2=&#8221;estimate price function&#8221; option3=&#8221;estimate supply function&#8221; option4=&#8221;estimate demand function&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. estimate cost function.<\/p>\n<p>The fifth step in quantitative analysis of estimating cost function is to estimate cost function. This is because the cost function is the relationship between the quantity produced and the total cost of production. It is important to estimate the cost function in order to determine the optimal level of production.<\/p>\n<p>The other options are incorrect because they are not relevant to the fifth step in quantitative analysis of estimating cost function.<\/p>\n<p>Option B: estimate price function. The price function is the relationship between the quantity demanded and the price of a good or service. It is not relevant to the fifth step in quantitative analysis of estimating cost function because the fifth step is to estimate the cost function, not the price function.<\/p>\n<p>Option C: estimate supply function. The supply function is the relationship between the quantity supplied and the price of a good or service. It is not relevant to the fifth step in quantitative analysis of estimating cost function because the fifth step is to estimate the cost function, not the supply function.<\/p>\n<p>Option D: estimate demand function. The demand function is the relationship between the quantity demanded and the price of a good or service. It is not relevant to the fifth step in quantitative analysis of estimating cost function because the fifth step is to estimate the cost function, not the demand function.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;estimate cost function&#8221; option2=&#8221;estimate price function&#8221; option3=&#8221;estimate supply function&#8221; option4=&#8221;estimate demand function&#8221; correct=&#8221;option1&#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-56581","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>Fifth step in quantitative analysis of estimating cost function 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\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fifth step in quantitative analysis of estimating cost function is to\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;estimate cost function&#8221; option2=&#8221;estimate price function&#8221; option3=&#8221;estimate supply function&#8221; option4=&#8221;estimate demand function&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T00:47:09+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fifth step in quantitative analysis of estimating cost function is to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/","og_locale":"en_US","og_type":"article","og_title":"Fifth step in quantitative analysis of estimating cost function is to","og_description":"[amp_mcq option1=&#8221;estimate cost function&#8221; option2=&#8221;estimate price function&#8221; option3=&#8221;estimate supply function&#8221; option4=&#8221;estimate demand function&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T00:47:09+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/","url":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/","name":"Fifth step in quantitative analysis of estimating cost function is to","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-16T00:47:09+00:00","dateModified":"2024-04-16T00:47:09+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/fifth-step-in-quantitative-analysis-of-estimating-cost-function-is-to\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"Costing","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/costing\/"},{"@type":"ListItem","position":3,"name":"Fifth step in quantitative analysis of estimating cost function is to"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/56581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=56581"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/56581\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=56581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=56581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=56581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}