Homework Answers
Fixed cost = $2560000
Average fixed cost = Total fixed cost / Total quantity produced
Average fixed cost = $2560000/ 3000000 i.e 0.85 per burger
Average variable cost = 0.60 per burger
Average cost = Average fixed cost per burger + Average variable cost per burger
= 0.85 + 0.60 i.e 1.45 per burger
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