Upton,Inc.has collected the following information on its copying costs for the month.
$$\begin{array}{lcc}
& \underline{\textbf { Number of copies }} &\underline{\textbf { Total copying costs }} \
\text { Week 1 } & 700 & \$ 290 \
\text { Week 2 } & 575 & \$ 260 \
\text { Week 3 } & 280 & \$ 150 \
\text { Week 4 } & 200 & \$ 100
\end{array}$$
a.Using the high-low-method,compute the variable cost per copy.
b.Compute the total fixed cost per month.
c.Represent the copy cost function in equation form.
d.What is the expected cost if 800 copies are made?

Question

Upton,Inc.has collected the following information on its copying costs for the month.
 $$\begin{array}{lcc} 
 & \underline{\textbf { Number of copies }} &\underline{\textbf { Total copying costs }} \
\text { Week 1 } & 700  & \$ 290 \
\text { Week 2 } & 575  & \$ 260 \
\text { Week 3 } & 280  & \$ 150 \
\text { Week 4 } & 200  & \$ 100
\end{array}$$ 
a.Using the high-low-method,compute the variable cost per copy.
b.Compute the total fixed cost per month.
c.Represent the copy cost function in equation form.
d.What is the expected cost if 800 copies are made?

Quizplus · Accepted Answer

The Answer of Upton,Inc.has collected the following information on its copying costs for the month.
 $$\begin{array}{lcc} 
 & \underline{\textbf { Number of copies }} &\underline{\textbf { Total copying costs }} \
\text { Week 1 } & 700  & \$ 290 \
\text { Week 2 } & 575  & \$ 260 \
\text { Week 3 } & 280  & \$ 150 \
\text { Week 4 } & 200  & \$ 100
\end{array}$$ 
a.Using the high-low-method,compute the variable cost per copy.
b.Compute the total fixed cost per month.
c.Represent the copy cost function in equation form.
d.What is the expected cost if 800 copies are made?

Upton,Inchas Collected the Following Information on Its Copying Costs for the Month