Suppose the total cost for a certain manufacturer is given in the following table: Number of widgets produced 100 150 Cost $2600 $3700 Our goal is to figure out the fixed and variable costs. Reminder: total cost is set up like Total Cost Fixed Costs Variable Cost. N We know the value of the total cost for two levels of production. We could use technology, specifically linear fit command, to find the equation, how C depends on N. a) Find the equation connecting C with N in this situation. b) What is the Fixed Cost for our manufacturer? c) How much is the Variable Cost for the manufacturer?

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