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consider the infromation about fixed costs, at Billys Hotdog Hut. use the table, where Q is output, FC is fixed cost, and AFC is average
consider the infromation about fixed costs, at Billys Hotdog Hut. use the table, where Q is output, FC is fixed cost, and AFC is average fixed cost. Q 0, FC $500, AFC blank. Q is 100 and FC and AFC is blank. Q is 125 and FC is blank and AFC is $4. Q is 165 and FC is blank and AFC is $3.03. Q is 200 and FC is blank and AFC is $2.50. Q is 225 and FC and AFC is blank. Calcualte average fized cost when output is 100. round anser to the penny. Also, calcuate average fixed cost when output is 225 and round anwer to penny
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