Fifth step in quantitative analysis of estimating cost function is to

A. estimate cost function

B. estimate price function

C. estimate supply function

D. estimate demand function

Answer: Option A

Solution(By Examveda Team)

Fifth step in quantitative analysis of estimating cost function is to estimate cost function. A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process.