Use the Following to Answer Question

question 192

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 3 mixers and bakes 400 cakes per day,what is her average total cost?

• A)$10.25
• B)$12.50
• C)$16.50
• D)$2,504.00

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Definitions:

Specific Performance

A legal remedy requiring a party to perform a specific act, often used in contracts when monetary compensation is inadequate.

Breach of Contract

The violation of any of the agreed-upon terms and conditions in a contract without lawful excuse.

Unenforceable

A term describing a contract or agreement that, due to certain defects or circumstances, cannot be legally compelled or executed.

Promise

An assurance given by one party to another agreeing to do or not do something in the future.