1. Dewberry Corporation wishes to estimate costs for next year, when it projects unit sales to be 320,000. Dewberry gathered the following data from the past 5 years:

Estimate Dewberry’s cost function, and use it to predict costs for next year.

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Units Cost Year 1 200,000 $ 832,000 Year 2 240,000 $ 961,000 Year 3 220,000 $ 843,000 Year 4 270,000 $ 810,000 Year 5 350,000 $1,252,000