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expected total variable cost

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Lee motel cost function based on guest days of occupancy for custodial cost is given as: Y=$60,000 + $5.50X. Lee Motel expects an occupancy level of 10,000 guest days. Lee Motel expected total variable cost is what?

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Solution Summary

It finds the expected total variable cost for the Lee Motel.

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In the linear model of the cost function, Y = 60000 + 5.50x
The ...

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