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Use the following to answer questions:
-(Table: Cakes) Look at the 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 one, two, or three mixers are shown in the table. Assume that average variable costs do not vary with the quantity of output. If Pat purchases one mixer, her average fixed cost _____ in the range of output between 100 and 400 cakes.
Mathematical Ability
The capacity to understand, manipulate, and solve numerical and logical problems.
Genetic Component
The part of a characteristic or disease risk attributed to variations or mutations in genes.
Fluid Intelligence
The aspect of human intelligence that involves the ability to solve new problems, use logic in novel situations, and identify patterns.
Crystallized Intelligence
The faculty to employ previously gained insights and life events effectively.
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