What sales-output level will marginal costs reach a minimum

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Reference no: EM13179879

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?

Reference no: EM13179879

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