31. Bunner Corporation wishes to estimate costs for next year, when it projects unit sales to be...
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31. Bunner Corporation wishes to estimate costs for next year, when it projects unit sales to be 300,000. Bunner gathered the following data from the past 5 years:
Estimate Bunner’s cost function and use it to predict costs for next year.
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Units Cost Year 1 210,000 $800,000 Year 2 260,000 $853,000 Year 3 190,000 $832,000 Year 4 280,000 $903,000 Year 5 370,000 $931,000
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