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Espresso Express operates a number of espresso coffee stands in busy suburban malls Required: 1. Fill in the following table with your estimates of total
Espresso Express operates a number of espresso coffee stands in busy suburban malls
Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round the Average cost per cup of coffee served to 3 decimal places.) Answer is complete but not entirely correct. $ Fixed cost Variable cost Total cost Average cost per cup of coffee served Cups of Coffee Served in a Week 800 900 1,000 2,200 $ 2,200 $ 2,200 384 432 480 2,584 $ 2,632 $ 2,680 3.230 $ 2.920 $ 2.680 $ $ Step by Step Solution
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