Question: 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

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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