Mr. Ds Barbeque of Pickwick, TN, produces 10,000 dry-rubbed rib slabs per year. Annually Mr. Ds fixed
Question:
Mr. D’s Barbeque of Pickwick, TN, produces 10,000 dry-rubbed rib slabs per year. Annually Mr. D’s fixed costs are $50,000. The average variable cost per slab is a constant $2. The average total cost per slab then is
a. $7.
b. $2.
c. $5.
d. impossible to determine.
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A 7 correct Total fixed costs are 5...View the full answer
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Related Book For
Managerial Economics
ISBN: 9781337106665
5th Edition
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward
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