Jon's County Burgers begins operation by spending $2,000 on an industrial stove. (In a set of convoluted events that defy the laws of economics, it turns out that this stove is the restaurant's only fixed cost.) The restaurant has following cost structure:

Fried Chicken Meals Variable Cost Total Cost

100 $2,000 $4,000

200 $3,000 $5,000

300 $3500 $5,500

400 $3,750 $5,750

500 $4,250 $6,250

600 $5,000 $7,000

700 $6,000 $8,000

800 $8,000 $10,000

a)Calculate the average variable cost, average total cost, and marginal cost for each quantity.

b)Graph all 3 curves.Describe the relationship of the curves.

c)If I'm a price-taker and the price for a chicken dinner is $10, how many chicken dinners should I produce? Why?