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In a slow year, Deutsche Burgers will produce 2 million hamburgers at a total cost of $ 3 . 5 million. In a good year,
In a slow year, Deutsche Burgers will produce million hamburgers at a total cost of $ million. In a good year, it can produce million hamburgers at a total cost of $ million.
What are the fixed costs of hamburger production?
Note: Do not round intermediate calculations. Enter your answer in millions rounded to decimal place.
What is the variable cost per hamburger?
Note: Do not round intermediate calculations. Round your answer to decimal places.
What is the average cost per burger when the firm produces million hamburgers?
Note: Do not round intermediate calculations. Round your answer to decimal places.
What is the average cost per burger when the firm produces million hamburgers?
Note: Do not round intermediate calculations. Round your answer to decimal places.
Why is the average cost lower when more burgers are produced?
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