Question: SHOW YOUR WORK PLEASE 2. For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs of
SHOW YOUR WORK PLEASE
2.
For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs of $10,000. One thousand tapes were produced. For May the cost to make tapes will be $2.20 per tape plus fixed costs of $10,000. Fifteen hundred tapes are expected to be produced.
What are the estimates for the intercept and slope coefficient for May, respectively?
| a. | $2.20 and $10,000.00 |
| b. | $22,000 and $10,000 |
| c. | $10,000.00 and $2.20 |
| d. | $2.00 and $10,000.00 |
| e. | $10,000.00 and $2.00 |
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