Determine the cost function for manchester


Question:

Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester.

What is the slope?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determine the cost function for manchester
Reference No:- TGS02077169

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)