Petersen Company produces a single product with the following production and average cost data: 
The best estimate of the monthly fixed cost is:
Definitions:
Input Demand
The demand for resources (inputs) that are used in the production of goods and services.
Productivity
The measure of how efficiently inputs, such as labor and capital, are converted into outputs, such as goods and services.
Market Wage
The prevailing wage rate in the labor market for a given type of work, determined by supply and demand for labor.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate, within a specific economy or market.
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