2. Cedar Company had the following results for the last year:

Cedar wishes to estimate what its total costs would be if it sold 2,400 units.
Estimate Cedar’s cost function, and use it to predict costs at 1,750 units.

Transcribed Image Text:

Units Cost January 2,290 $82,730 February 2,000 $68,500 March 1,730 $67,710 April 2,350 $84,700 May 2,310 $83,730 June 2,290 $82,930 July 2,130 $79,110 August 2,810 $95,970 September 2,800 $96,400 October 2,800 $94,600 November 2,820 $97,840 December 2,830 $97,410