You decide to create a burger restaurant named BurgerDeals to pay for college fees. The table below contains total pricing information for your single product, large extra-cheese burger. Your town’s

You decide to create a burger restaurant named BurgerDeals to pay for college fees. The table below contains total pricing information for your single product, large extra-cheese burger. Your town’s burger market is fiercely competitive, with big extra-cheese burger selling for $7 on average. Fill in the blanks in the table and answer the following questions. Output
TC
ATC
AFC
AVC
MC
MR
0
$10
XXX
XXX
XXX
XXX
XXX

14
2
17
3
19
4
22
5
26
31
7
37
8
44
9
52 A.     is BurgerDeals TFC? B.      is MR from the 4 burger? C.     is AFC if you produce 5 burgers? D.     is AVC if you produce 6 burgers? E.       does each burger cost on average if you make 8 burgers? F.      How many burgers should you make if you want to optimize your profit? G.    If you produce at the profit-maximizing level (or loss-minimizing level), what is the amount of economic profit (or loss) per burger will you make? H.     Illustrate graphically BurgerDeals supply curve.

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