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  3. a firm uses simple linear regression to forecast t

A firm uses simple linear regression to forecast the costs for its main product line....

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Question

Accounting

A firm uses simple linear regression to forecast the costs for its main product line. If fixed costs are equal to

$ 240 comma 000$240,000

and variable costs are

$ 8$8

per unit, how many units does it need to sell at

$ 16$16

per unit to make a

$ 648 comma 000$648,000

profit?

A.

111 comma 000111,000

B.

37 comma 00037,000

C.

30 comma 00030,000

D.

81 comma 00081,000

Answer & Explanation Solved by verified expert
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