Use the following to answer question: 
-(Table: Cakes) Use Table: Cakes.Pat is opening a bakery to make and sell special birthday cakes.She is trying to decide how many mixers to purchase.Her estimated fixed and average variable costs if she purchases 1,2,or 3 mixers are shown in the table.Assume that average variable costs do not vary with the quantity of output.If Pat purchases 3 mixers and bakes 200 cakes per day,what is her average fixed cost?
Definitions:
Planning Budget
A financial plan that estimates the revenue and expenses for a future period, typically created to guide a business in achieving its financial goals and objectives.
Wells Serviced
Wells Serviced refers to the number of oil, gas, or water wells that have undergone maintenance, repair, or installation services within a given timeframe.
Total Variable Cost
The sum of all variable expenses that change in proportion with the level of production or business activity.
Static Budget
A fixed budget that does not change or adjust in response to variations in business activity levels or performance.
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