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Kate's Katering is a food truck and the food truck industry is perfectly competitive. To operate Kate has to rent a commercial kitchen space to
Kate's Katering is a food truck and the food truck industry is perfectly competitive. To operate Kate has to rent a commercial kitchen space to prep food, pay for truck insurance and maintenance, hire staff, and also purchase food ingredients. Her fixed costs amount to $100 per day and her variable costs are the following:
Quantity of Meals
Total Variable Costs
0 $0
10 $200
20 $300
30 $480
40 $700
Calculate the total costs for the following quantity of meals
0 meals
10 meals
20 meals
30 meals
40 meals
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