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Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings
Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $11,344 2. Product costs are $1.99 per pound produced 3. Wages are $2.53 per pound produced 4. Supervisory Salaries total $11,666 per month 5. Utilities cost $3,371 per month plus $.20 per pound produced What is the fixed cost portion of their cost formula? (in other words, what is the "f" in y = f + vx) Round your answer to two decimal places. Don't enter dollar signs
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