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
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6e52c04-e2c3-4e2d-83a7-f5740c8e0fd5%2F978785ed-d4dd-44a4-b1ee-7398e7618416%2Frbl2y1_processed.jpeg&w=3840&q=75)
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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