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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 $15,395 2. Product costs are $0.99 per pound produced 3. Wages are $1.98 per pound produced 4. Supervisory Salaries total $11,013 per month 5. Utilities cost $4,206 per month plus $.20 per pound produced. What is the variable cost portion of their cost formula? (in other words, what is the "V" in y = f + vx) Enter your answer to two decimal places, and don't include dollar signs
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