The stand and staff of Willy's Wonderful Burger Stand can make 6,000 burgers per month. The...
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The stand and staff of Willy's Wonderful Burger Stand can make 6,000 burgers per month. The variable cost of each burger is $2.50. Monthly fixed costs are $7,500. Required: 1. 2. 3. What is the total cost of making 6,000 burgers? For the 6,000 burgers, what is the average cost per burger? What is the marginal cost? The stand and staff of Willy's Wonderful Burger Stand can make 6,000 burgers per month. The variable cost of each burger is $2.50. Monthly fixed costs are $7,500. Required: 1. 2. 3. What is the total cost of making 6,000 burgers? For the 6,000 burgers, what is the average cost per burger? What is the marginal cost?
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SOLUTION 1 To calculate the total cost of making 6000 burgers we need to consider both the variable ... View the full answer
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