Question
In a slow year, Deutsche Burgers will produce 3.7 million hamburgers at a total cost of $5.2 million. In a good year, it can produce
In a slow year, Deutsche Burgers will produce 3.7 million hamburgers at a total cost of $5.2 million. In a good year, it can produce 7.4 million hamburgers at a total cost of $6.5 million.
What are the fixed costs of hamburger production? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.)
What are the variable costs when the firm produces 3.7 million hamburgers? (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 1.85 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.)
What is the average cost when the firm produces 3.7 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.)
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