Bozzo’s burgers is a small restaurant and a price taker. The table below provides the data of Bozzo’….

Question

Bozzo's burgers is a small restaurant and a price taker. The table below provides the data of Bozzo's output and costs in rupees.                            Quantity                Total                cost                Fixed                cost                Variable                cost                Average                variable                cost                Average                total cost                Marginal                cost                                0                100                             --                --                             --                                10                210                                                                                                 20                300                                                                                                 30                400                                                                                                 40                540                                                                                                 50                790                                                                                                 60                1060                                                                             What is the total variable cost when 60 burgers are produced?

EduGorilla · Accepted Answer

Bozzo's burgers is a small restaurant and a price taker. The table below provides the data of Bozzo's output and costs in rupees.                            Quantity                Total                cost                Fixed                cost                Variable                cost                Average                variable                cost                Average                total cost                Marginal                cost                                0                100                             --                --                             --                                10                210                                                                                                 20                300                                                                                                 30                400                                                                                                 40                540                                                                                                 50                790                                                                                                 60                1060                                                                             What is the total variable cost when 60 burgers are produced?

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Answer/ Explanation

Quantity	Total cost	Fixed cost	Variable cost	Average variable cost	Average total cost	Marginal cost
0	100		—	—		—
10	210
20	300
30	400
40	540
50	790
60	1060

Bozzo’s burgers is a small restaurant and a price taker. The table below provides the data of Bozzo’….

Options :-

Answer/ Explanation

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