Question: 4. Fixed and Variable Costs. In a slow year, Deutsche Burgers will produce 2 million hamburgers at a total cost of $3.5 million. In a

4. Fixed and Variable Costs. In a slow year, Deutsche Burgers

4. Fixed and Variable Costs. In a slow year, Deutsche Burgers will produce 2 million hamburgers at a total cost of $3.5 million. In a good year, it can produce 4 million hamburgers at a total cost of $4.5 million. (LO10-3) a. What are the fixed costs of hamburger production? b. What are the variable costs? c. What is the average cost per burger when the firm produces 1 million hamburgers? d. What is the average cost when the firm produces 2 million hamburgers? e. Why is the average cost lower when more burgers are produced

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