Thursday

September 18, 2014

September 18, 2014

Posted by **Rebekah** on Wednesday, January 25, 2012 at 10:29pm.

- Quantitative analysis -
**Reiny**, Wednesday, January 25, 2012 at 10:44pmtreat your data as two ordered pairs

( 350 , 11500) and (420 , 12900)

find the equation like you would given any two ordered pairs,

i.e.

find the slope etc

- Quantitative analysis -
**Damon**, Wednesday, January 25, 2012 at 10:44pmcost = slope (number of units) + constant

y = m x + b

11500 = 350 m + b

12900 = 420 m + b

solve for m and b by elimination or substitution

**Answer this Question**

**Related Questions**

Economics - In the short run a firm needs six units of labor to produce eight ...

Economics - You’ve been hired by an unprofitable firm to determine whether it ...

Economics - In an economy where a unit of labour can produce either 1 unit of x ...

economics - A monopolist faces an upward-sloping marginal cost curve. Its ...

Maths - Linear Programming - Hey, I'm having trouble formulating this as a ...

Math - The firm currently uses 70,000 workers to produce 300,000 units of output...

Economics - The firm currently uses 70,000 workers to produce 300,000 units of ...

Economics - Janice is producing a new product at marginal cost of £1, and by law...

Economics - Should a firm shut down its unprofitable operation. Firm uses 70,000...

Mathematics in Economy - A firm produces two different kinds A and B of a ...