The accompanying table shows mcdonald's total cost for producing big macs per hour. quantity of big macs produced per hour 0 10 20 30 40 50 60 70 80 90 100 total cost $100 130 150 165 187 200 220 260 320 400 a) what is mcdonald's fixed cost? b) for each level of output, calculate the variable cost (vc). for each level of output except zero output, calculate the average variable cost (avc), average total cost (atc), and average fixed cost (afc). what is the minimum-cost output? c) for each level of output, calculate mcdonald's marginal cost (mc). d) on one diagram, draw mcdonald's avc, atc, and mc curves. (you only need to indicate the important points). e) what is mcdonald's break-even price? explain. f) what is mcdonald's shut-down price? explain.

Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods