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Calculate estimating the cost function

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Question 1: Altawfik Corporation is estimating the cost function for total cost of production of product A using the two points method. The data collected for the past year is as following:
                             Number of units                               Total
Quarter                produced Costs
1                          4,000                                              $ 1,000
2                         5,400                                                  1,280
3                         7,000                                                  1,600
4                         9,000                                                   2,000

Using the two points methods, choose two points with which you estimate the cost function.

Reference no: EM132464410

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