Use the Following to Answer Question

question 63

Multiple Choice

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 1 mixer,her average total cost _____ in the range of output between 100 and 400 cakes.

• A)increases
• B)decreases
• C)remains the same
• D)can't be calculated

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Definitions:

Socio-Economic

Pertaining to or dealing with how social and economic elements impact each other.

CSR Approaches

Strategies and practices companies use to conduct business in an ethical and socially responsible manner, aiming to positively impact society.

Social Responsibility Audit

An evaluation process assessing how well a company’s operations align with societal expectations regarding environmental, ethical, and social standards.

Corporate Social Responsibility

The concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with stakeholders on a voluntary basis.