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The table below gives price and cost information for a used-book. lt competes with a number of similar stores, but it capitalizes on its location
The table below gives price and cost information for a used-book. lt competes with a number of similar stores, but it capitalizes on its location and the word-ofmouth reputation of the coffee it serves to its customers. Calculate average total costs for the bookstore. (Round your answers to the nearest penny.) Q 0 1 2 3 4 5 6 7 Book Price ($) 6.50 6.25 6.00 5.75 5.50 5.25 5.00 4.75 MR ($) 6.25 5.75 5.25 4.75 4.25 3.75 3.25 Total Costs (35) 2.00 4.75 7.75 11.00 14.75 19.00 23.75 29.50 Average Total Costs ($) MC ($) 2.75 3.00 3.25 3.75 4.25 4.75 5.75 Price ($) MR MC
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