You plan to open your own hamburger shop. After doing some research and planning, you have created the table below to help estimate how much to charge for your hamburger to make a profit. You already identified various quantities of hamburgers you could potentially produce as well as the related variable and fixed costs.
Review the information already provided in the Hamburger Shop Information Costs table, then calculate and enter the remaining information.
# of Hamburgers
Variable Costs
Fixed Costs
Total Costs
Average Total Cost
Average Variable Cost
Marginal Cost
1,000
$500
$5,000
$5,500
2,500
$1,000
$6,000
4,000
$1,400
$6,400
9,000
$2,400
$7,400
13,000
$3,400
$8,400
20,000
$10,000
$15,000
45,000
$31,250
$36,250
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