Your local pet café has the following costs: $3,000 per month in rent, $5,000 per month in wages, $3,000 per month in food and supplies, and $1,500 per month in insurance. All of the costs of production, excluding their rent and insurance, can vary, depending on how many coffees are sold at the café. The pet café's monthly sunk cost is: Type your numeric answer and submit

Calculate variable cost if total cost is $400 and fixed cost is $120

You inherited your father's concrete company which typically pours slab foundations for single family homes. You are trying to get a handle on the cost and revenue structure of the business. Your fixed cost per pour is $3,500, and variable costs include the price you pay for concrete aggregate mix plus $2.50 other variable costs per cubic yard. Although your cost structure includes fixed and variable costs, customers don't like such complicated math so you have decided to just charge $75 per cubic yard of concrete poured. One source of concrete aggregate material, which has 25% sand and 75% coarse aggregate, sells for $3 per cubic yard. Another source, which has 40% sand and 60% coarse aggregate, sells for $4.40 per cubic yard. A concrete aggregate mix must contain at least 31% sand by volume for proper batching. 1. Determine the least cost per cubic yard of blended aggregates. To do this, write an equation for the sand balance and solve. 2. Write a cost function that is a function…

TC = 177 +30Q + 2Q² What is the average variable cost when 9 units are produced? Enter as a value.