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Table 1. Costs of a Restaurant Quantity Total of meals Cost made (Q) 10 1 2 29.0 3 30.5 4 5678 Fixed Variable Average Cost Cost Total Cost na 6.0 17.5 27.0 42.0 82.4 Refer to Table 1 above. When Q = 4, TC = A. $30.5 B. $32 C. $33.6 D. 43.5 20.0 Average Average Fixed Variable Cost Cost na na 3.0 Marginal Cost na

Table 1. Costs of a Restaurant Quantity Total of meals Cost made (Q) 10 1 2 29.0 3 30.5 4 5678 Fixed Variable Average Cost Cost Total Cost na 6.0 17.5 27.0 42.0 82.4 Refer to Table 1 above. When Q = 4, TC = A. $30.5 B. $32 C. $33.6 D. 43.5 20.0 Average Average Fixed Variable Cost Cost na na 3.0 Marginal Cost na

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Table 1. Costs of a Restaurant Quantity Total of meals Cost made (Q) 0 1 2 3 4 5678 Fixed Variable Average Cost Cost Total Cost na 6.0 17.5 27.0 42.0 82.4 Refer to Table 1 above. When Q = 4, TC = A. $30.5 B. $32 4- 29.0 30.5 C. $33.6 D. 43.5 20.0 Average Average Fixed Variable Cost Cost na na 3.0 Marginal Cost na
Transcribed Image Text:Table 1. Costs of a Restaurant Quantity Total of meals Cost made (Q) 0 1 2 3 4 5678 Fixed Variable Average Cost Cost Total Cost na 6.0 17.5 27.0 42.0 82.4 Refer to Table 1 above. When Q = 4, TC = A. $30.5 B. $32 4- 29.0 30.5 C. $33.6 D. 43.5 20.0 Average Average Fixed Variable Cost Cost na na 3.0 Marginal Cost na
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