cost. To answer this question, we need to find minimum average variable cost. Dede's total fixed cost is $70, which is her total cost when she produces zero tattoos. Total variable cost equals total cost minus total fixed cost. When Dede produces 4 tattoos an hour, total variable cost equals $230 - $70 = $160, and average variable cost is $160÷4 = $40 a tattoo. Minimum average variable cost is $40 a tattoo. You can check the average variable cost at other quantities to confirm that this is correct. So at prices less than $40 a tattoo, Dede does not cover all of her variable costs, and she shuts down. 2 tries left If Dede's Tattoos shuts down temporarily, what economic loss will it incur? It will incur an economic loss of $ Type an hour. That's incorrect. If Dede's Tattoos shuts down temporarily, economic loss equals total fixed cost.