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Problem 10-4 Fixed and Variable Costs (LO3) In a slow year, Deutsche Burgers will produce 2.8 million hamburgers at a total cost of $4.2 million.

image text in transcribed Problem 10-4 Fixed and Variable Costs (LO3) In a slow year, Deutsche Burgers will produce 2.8 million hamburgers at a total cost of $4.2 million. In a good year, it can produce 5.3 million hamburgers at a total cost of $6 million. a. What are the fixed costs of hamburger production? Note: Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places. b. What is the variable cost per hamburger? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. What is the average cost per burger when the firm produces 2 million hamburgers? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. What is the average cost per burger when the firm produces 3 million hamburgers? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. e. Why is the average cost lower when more burgers are produced

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