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Business, 19.03.2020 07:24 bluejay62

Slider owns a hamburger restaurant. Slider's minimum average variable cost is $ 10 at a quantity of 100 hamburgers, and his minimum average total cost is $ 15 at a quantity of 200 hamburgers. His total fixed cost is $ 300 . Use this information to answer the questions.

a. What is Slider's AVC when he sells 200 hamburgers?

b. At a quantity of 25 hamburgers, the average total cost curve is:

i. below average variable cost.

ii. decreasing.

iii. There is not enough information or none of the other answers is correct.

iv. increasing.

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