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How do i find the fixed cost to write thr formula needed in question a 1. The Midwest Block and Brick company in Jefferson City,

How do i find the fixed cost to write thr formula needed in question a

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1. The Midwest Block and Brick company in Jefferson City, Missouri makes concrete blocks for construction purposes. Suppose they are considering entering a new market in south- eastern Kansas. A concrete plant requires an upfront investment of $735,000 and will have a useful life of just one year. Labor costs are limited; the plant requires 4 employees, each of whom are paid $9 per hour and are guaranteed 40 hours a week, every week of the year. Apart from the initial investment and labor, there are three additional costs: raw materi- als, power, and maintenance. Concrete blocks are produced by combining cement, water, sand and gravel. Suppose that the raw materials and power used to produce one block cost $0.25. Suppose further that the plant's annual maintenance costs depend on how many blocks are produced in a given year. Specically, if the plant produces Q blocks, then the annual maintenance cost is given by 00000015622. This means, for example, that if a plant is scheduled to produce one million blocks in a year, then the annual maintenance cost will be 0.0000015Q2 = 0.0000015 =1: (1, 000, 000)2 = 1,500, 000 (a) (2 points) Write an algebraic formula for the annual total cost curve

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