Business, 05.05.2020 08:38, rtabu

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 $40 in raw meat and pay $90 in wages for labor and $80 in fuel costs. In addition, the firm rents a factory for $14 comma 000 per month and makes $3 comma 000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 2 comma 000 packages of meat per month. What are the firm's fixed and variable costs of production in a given month? The firm's fixed cost of production is $ nothing, and its variable cost of production is $ nothing. (Enter numeric responses using integers.)

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