The Stone Company has observed that its utility cost is ($ 5,000) when operating at a level

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The Stone Company has observed that its utility cost is \(\$ 5,000\) when operating at a level of 20,000 machine hours per period. The utility cost drops to \(\$ 4,000\) when the operating level drops to 15,000 machine hours.

{Required:}

Estimate the utility cost for an operating level of 18,000 machine hours.

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