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TABLE 8.3 Measuring Costs (2) (31 161 (7) Quantity Total 10 - Big Macs Variable Total Average Average Average Marginal produced/ Cost Fixed Cost Total
TABLE 8.3 Measuring Costs (2) (31 161 (7) Quantity Total 10 - Big Macs Variable Total Average Average Average Marginal produced/ Cost Fixed Cost Total Cost Variable Cost Fixed Cost Total Cost Cost hour Abbreviation: TVC TFC TC AVC AFC ATC MC Formula: TVC + TFC TVC + Q TFC +Q AVC + AFC ATVC + 4Q $0.00 $100.00 $3.00 10 50.00 130.00 $3.00 $10.00 $13.08 2.00 30 50.00 150 00 3.50 1.00 7.50 1.50 30 65.00 165.00 2.17 EE'E 5.50 1.20 40 77.00 177_00 1.93 2.50 4.43 1.00 50 87_00 187.00 1.74 2.00 3.74 1.30 60 100.00 300-00 1.67 1.47 2.00 70 120.00 220.00 1.71 3.14 4.00 160.00 260.00 2.00 1.25 3.25 6.00 90 220.00 320.00 2.44 1.11 3.55 8.00 106 300.00 400 00 3.00 1.00 4.08 The table above lists costs for producing Big Macs, a product of Mcdonald's. Based on the table, what is the total fixed cost associate with Big Mac production? Choose one: O A. $0 O B. $100 O C. $130 O D. $150
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