Meat Packers, Incorporated (MPI) preserves and packages various kinds of meats for transportation to grocery stores....

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Meat Packers, Incorporated (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepare and transport each meat package to a grocery store, the firm must purchase $20 in raw meat and pay $50 in wages for labor and $40 in fuel costs. In addition, the firm rents a factory for $18,000 per month and makes $7,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 3,000 packages of meat per month. What are the firm's fixed and variable losts of production in a given month? The firm's fixed cost of production is $ and its variable cost of production is $ (Enter numeric responses using integers.) Meat Packers, Incorporated (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepare and transport each meat package to a grocery store, the firm must purchase $20 in raw meat and pay $50 in wages for labor and $40 in fuel costs. In addition, the firm rents a factory for $18,000 per month and makes $7,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 3,000 packages of meat per month. What are the firm's fixed and variable losts of production in a given month? The firm's fixed cost of production is $ and its variable cost of production is $ (Enter numeric responses using integers.)

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