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In a slow year, Deutsche Burgers will produce 2.5 million hamburgers at a total cost of $3.6 million. In a good year, it can produce
In a slow year, Deutsche Burgers will produce 2.5 million hamburgers at a total cost of $3.6 million. In a good year, it can produce 4.1 million hamburgers at a total cost of $4.7 million. a. What are the fixed costs of hamburger production? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) b. What is the variable cost per hamburger? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What is the average cost per burger when the firm produces 2 million hamburgers? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. What is the average cost per burger when the firm produces 3 million hamburgers? (Do not round intermediate calculations. Round vour answer to 2 decimal places.) million a. Fixed cost b. Variable cost c. Average cost d. Average cost per burger per burger per burger
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