Question: Bison Sandwiches is a small restaurant that sells a variety

Bison Sandwiches is a small restaurant that sells a variety of sandwiches and beverages. Total fixed costs are $20,000 per month. Last month total variable costs were $8,000 when total sales were $32,000.

REQUIRED
A. Write out the algebraic expression for the cost function.
B. What assumptions do we make when we develop this cost function?


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  • CreatedJanuary 26, 2015
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