Question: Prod 17 C = f ( x ) Output [ x ] Cost( 17 ) 100 145000 200 225000 400 245000 600 315000 800 350000

Prod 17

C = f(x)

Output [x]

Cost(17)

100

145000

200

225000

400

245000

600

315000

800

350000

1000

370000

1200

380000

Prod 17

p = f(x)

Prod 17

x = f(p)

Demand [x]

Price [p]

Price [p]

Demand [x]

200

800

800

200

400

900

900

400

600

500

500

600

1200

600

600

1200

1600

150

150

1600

2000

50

50

2000

a. [4] derive the products linear(1storder) trend line equation p= (x).

b. [1]identify the models coefficient of determinationits [(R2)].

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