3) Develop a monthly total cost function for this business of the form:

C(x) = Vx + F

Where C(x) represents the total cost for the month to produce x tons of feed, V represents the variable costs per ton of feed produced based on monthly averages, and F is the total of all average monthly fixed costs

5) Develop an average cost function based on the total cost function developed above

Processing Wage per Hour January February March April May June July August September October November December Office Building Processing Plant Electricity - Expense Expense Electricity - Office Processing Water - Processing Insurance $ 10,400 $ 6,125 $ 1,130 $ 895 $ 445 $ $ 10,400 $ 6,125 $ 1,110 $ 910 $ 450 $ $ 10,400 $ 6,125 $ 1,070 $ 930 $ 470 $ $ 10,400 $ 6,125 $ 680 $ 930 $ 470 $ $ 10,400 $ 6,125 $ 600 $ 945 $ 475 $ $ 10,400 $ 6,125 $ 530 $ 965 $ 490 $ $ 11,000 $ 6,500 $ 550 $ 830 $ 430 $ $ 11,000 $ 6,500 $ 560 $ 835 $ 420 $ $ 11,000 $ 6,500 $ 705 $ 960 $ 475 $ $ 11,000 $ 6,500 $ 940 $ 1,045 $ 510 $ $ 11,000 $ 6,500 $ 1,010 $ 1,140 $ 560 $ $ 11,000 $ 6,500 $ 1,060 $ 1,100 $ 550 $ Salary - Manager Salary-Office 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 3,000 $ 7,500 $ 13,500 Processing Labor Hours 4,470 4,555 4,660 4,650 4,725 4,815 4,225 4,195 4,753 5,160 5,640 5,450 $18.00 $18.00 $18.00 $18.00 $18.00 $18.00 $18.00 $18.00 $18.00 $18.50 $18.50 $18.50 Feed Produced in Transportation per Tons mile 8940 $1.38 9110 $1.38 9320 $1.38 9300 $1.38 9450 $1.38 9630 $1.38 8450 $1.38 8390 $1.38 9505 $1.38 10320 $1.38 11280 $1.38 10900 $1.38 Total Miles Driven 17,880 18,220 18,640 18,600 18,900 19,260 16,900 16,780 19,010 20,640 22,560 21,800