Question

Given the following information for a restaurant, what is this firm's ATC, MC and TC at...

Given the following information for a restaurant, what is this firm's ATC, MC and TC at Q = 0, 1, 2, 3, and 4?  

Building lease = $600

Interest owner could have earned on funds invested in business = $400

Food per meal = $500 / meal

Servers for each meal = $400/ meal

Time owner spends at each meal = $100/meal

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Answer #1

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