Question: Murray's Petroleum Company is trying to formulate a cost function for operating expenses in orde to predict the future costs. The following information was ascertained

Murray's Petroleum Company is trying to formulate a cost function for operating expenses in orde to predict the future costs. The following information was ascertained from past operations: EX 40 120 466 234 1434 10 From the following information, calculate the following using regression analysis (show all working A. variable cost per unit B. fixed cost [5 marks] [3marks] [2 marks] D. total cost if 2000 litres are produced [3 marks] C. cost function

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