What are the fixed costs of hamburger production

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Reference no: EM13838783

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 $6.0 million.

a.	What are the fixed costs of hamburger production? (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.)

Fixed cost

$ million

b.	What is the variable cost per hamburger? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Variable cost

$ per burger

c.	What is the average cost per burger when the firm produces 2 million hamburgers? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Average cost

$ per burger

d.	What is the average cost per burger when the firm produces 3 million hamburgers? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Average cost

$ per burger

Reference no: EM13838783

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