Examlex

Solved

Use the Following to Answer Question

question 317

Multiple Choice

Use the following to answer question: 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 2 mixers and bakes 400 cakes per day,what is her average total cost? A) $0.02 B) $10.75 C) $500 D) $1,507
-(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 2 mixers and bakes 400 cakes per day,what is her average total cost?


Definitions:

Deals

Offers or discounts provided by businesses on products or services to attract customers and increase sales.

Loyalty Program

A rewards program offered by a company to customers who frequently make purchases to encourage continuous buying.

Sweepstakes

A promotional drawing in which prizes are given away at no charge to the participants.

Contest

A competition where individuals or groups participate to win a prize or recognition by meeting or surpassing a specific challenge.

Related Questions