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Michelle owns her own real estate agency. She has been working hard to increase her client base. She offers the most comprehensive advertising campaign in

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Michelle owns her own real estate agency. She has been working hard to increase her client base. She offers the most comprehensive advertising campaign in the city and it has been paying off by the steady increase in the number of listings over the last several months. However, Michelle is concerned that her extensive cost for advertising is eating into her profits. It is difficult to determine how much she spends on advertising for each listing because some of her advertising sources are fixed amounts each month and others are more variable in nature. She would like to analyze the following information to determine how her advertising costs behave based on the number of listings. Month Number of Listings Advertising Cost March 25 15230 April 27 17660 May 36 23205 June 45 27260 July 47 30590 August 51 32540 September 50 31805 October 65 36030 November 54 34850 Using the high-low method, what is the fixed cost of advertising each month? Using the high-low method, what is the fixed cost of advertising each month? $2230 $2080 $2430 $3410

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