Can the constant in the cost function be used as an estimate for fixed cost (when calculating maintenance, etc.)?
The cost function is an estimate of how costs behave within the relevant range, not at cost levels outside the relevant range.
Can the constant in the cost function be used as an estimate for fixed cost (when calculating maintenance, etc.)?
The cost function is an estimate of how costs behave within the relevant range, not at cost levels outside the relevant range.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.