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In a slow year, Deutsche Burgers will produce 3.4 million hamburgers at a total cost of $4.9 million. In a good year, it can produce
In a slow year, Deutsche Burgers will produce 3.4 million hamburgers at a total cost of $4.9 million. In a good year, it can produce 6.8 million hamburgers at a total cost of $6.2 million. a. What are the fixed costs of hamburger production? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) b. What are the variable costs when the firm produces 3.4 million hamburgers? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) c. What is the average cost per burger when the firm produces 1.70 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 3.4 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. Fixed cost $ 3.2 million 1.3 million b. Variable cost $ 0.50 c. Average cost per burger d. Average cost per burger $ $ 1.47
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