Developing an Equation from Average Costs Paradise Pup is a high-end dog hotel located in New York.
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Developing an Equation from Average Costs Paradise Pup is a high-end dog hotel located in New York. Assume that in March, when dog-days occupancy was at an annual low of 500 days, the average cost per dog-day was \($26\). In July, when dog-days come Wony were at a capacity level of 4,500, the average cost per dog-day was $10.
Required
a. Develop an equation for monthly operating costs.
b. Determine the average cost per dog-day at an annual volume of 28,000 dog-days.
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