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In this problem, let's look at the costs faced by a small restaurant: a. Fill in the missing entries in the table below. (Be sure

In this problem, let's look at the costs faced by a small restaurant: a. Fill in the missing entries in the table below. (Be sure to show your work, or at least a formula. Also keep in mind that these are dollar figures, and so should be rounded to the nearest cent.) (1 point each X 18 = 18 points

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Number of Meals (per 10 11 12 13 hour) Fixed Cost $50 $50 $50 Average Fixed Cost $4.17 Variable Cost $30 $43.20 $52 Average Variable Cost $3.30 Total Cost Average Total Cost Marginal Cost (-) $6.90

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