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Regression analysis performed using Excel in separating costs into variable and fixed resulted in the following output: Coefficients y -intercept 1400 x variable 28 (i)
Regression analysis performed using Excel in separating costs into variable and fixed resulted in the following output:
| Coefficients |
y-intercept | 1400 |
x variable | 28 |
(i) Create the cost equation in the form Y = f + vX.
(ii) Calculate total production costs for a month that has an output of 150units
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