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Can you please help to solve this log Regression equation

23. GC/CAS Th e table below shows the average cost of production per unit of ring smartphones given the number of smartphones produced in a year. Quantity 130,000 Cost per 500,000 1,000,000 2.,000,000 $52 280,000 $48 $99 $81 $64 Unit How much would you expect it to cost per smartphone to manufacture 200,000 smartphones next year? Calculate the natural log regression equation. Does this trend make sense? a. b. How many smartphones would you need to make per year to drop your cost per unit to less than $35 each? c.

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Answer to point 1 2 Step -1 3 calculate variable & fixed cost 5 for this calculation identify the lowest volume & highest volume Cost per unit Total Operating Cost Remarks $99 $81 1,30,000 2,80,000 5,00,000 10,00,000 20,00,000 $1,28,70,000 Lowest $2,26,80,000 %3,20,00,000 $5,20,00,000 $9,60,00,000 Highest $52 $48 10 12 13 14 Step -2 15 Variable Cost per unit Change in Total Cost / Change in snow Cones 16 -(96000000-12870000)/(2000000-130000) -44.45 per smart phone 18 19 Step -3 20 Calculation of fixed Cost 21 -Fixed Cost Varaiable Cost $96000000 -Fixed Cost 44.45* 2000000 96000000 Fixed Cost $ 7100000 23 25 Equation will be, Let assume number of unit is x & total cost isy 26 27 28 29 Yes, the trend is making sense as the number of unit is increaseing the company is reducing the perportionate of fixed cost in unit terms total cost Fixed Cost Varaiable Cost 7100000+44.45

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