Question: Using high-low method, express the following cost behavior into a linear cost function in the form y=a+bX. 4 points 2000 600, 1900 1800 342,

Using high-low method, express the following cost behavior into a linear cost

Using high-low method, express the following cost behavior into a linear cost function in the form y=a+bX. 4 points 2000 600, 1900 1800 342, 1249 598, 1590 1600 357, 1201 200, 1100 1400 1200 1000 800 Total Cost (y) 534,900 600 400 200 0 0 100 200 300 400 500 600 700 Quantity (X) y = 780 + 3X y = 700X y = 780 + 2.5X y = 700 + 2X

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