Question
In a slow year, Deutsche Burgers will produce 2.2 million hamburgers at a total cost of $3.7 million. In a good year, it can produce
In a slow year, Deutsche Burgers will produce 2.2 million hamburgers at a total cost of $3.7 million. In a good year, it can produce 4.4 million hamburgers at a total cost of $4.7 million.
What are the fixed costs of hamburger production?
Note: Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.
What are the variable costs when the firm produces 2.2 million hamburgers?
Note: Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.
What is the average cost per burger when the firm produces 1.10 million hamburgers?
Note: Round your answer to 2 decimal places. Do not round intermediate calculations.
What is the average cost when the firm produces 2.2 million hamburgers?
Note: Round your answer to 2 decimal places. Do not round intermediate calculations.
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