(Table: Costs for Birthday Cakes) Annie Has a Bakery That

question 205

Multiple Choice

(Table: Costs for Birthday Cakes) Annie has a bakery that specializes in birthday cakes, and her variable costs of producing cakes are shown in the table Costs of Birthday Cakes.Assume that her fixed costs are $10.What is the average total cost of 4 cakes?

• A)$35
• B)$25
• C)$9.50
• D)$12

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Definitions:

Cash

Liquid currency including coins and banknotes that is used to facilitate transactions and settle debts.

Stocks

Shares of ownership in a company, representing a claim on part of the company's assets and earnings.

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Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

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The official currency of 19 out of the 27 European Union countries, which forms a significant part of the world's economy.