SUMMARY OUTPUT
Regression Statistics
Multiple R 0.973178112
R Square 0.947075637
Adjusted R Square 0.9417832
Standard Error 47652.55908
Observations 12
ANOVA
df SS MS F Significance F
Regression 1 4.06351E+11 4.06351E+11 178.9488961 1.04516E-07
Residual 10 22707663865 2270766386
Total 11 4.29059E+11
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 123034.4703 23311.13897 5.277926165 0.000358709 71094.01589 174974.9248 71094.01589 174974.9248
y 0.238078372 0.017797354 13.37717818 1.04516E-07 0.198423396 0.277733347 0.198423396 0.277733347
At what sales/output level will marginal costs (MC) reach a minimum?