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$1.00 high low method

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WORLDGIRL
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Q:

High-Low Method 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.

 

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  • Posted on Feb. 13, 2010 at 12:01:39AM
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holymatter
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A:
Preview: ... to work with those points we know Y (price) and x (tons) First Eq: 1150000 = 45000 m n Sec eq: 950000 = 35 ...
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solution for high low cost of foundry
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  • Posted on Feb. 13, 2010 at 12:06:21AM
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Preview: ... he two points (change in cost over change in output) sl ...
The full tutorial is about 46 words long .