(Solution) - Assume that Rick s Golden Pancake Restaurant does a regression analysis -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Assume that Rick's Golden Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows:

Requirements
1. What is the fixed cost per month?
2. What is the variable cost per pancake?
3. If Rick's Golden Pancake Restaurant serves 3,800 pancakes in a month, what would the company's total operating costs be?