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 three mixers and bakes 100 cakes per day, what is her average fixed cost?
Definitions:
Exponentiation
The mathematical operation involving the raising of one number to the power of another.
Division
A mathematics operation where a number is divided into parts or segments, represented by the division sign (/ or ÷).
Division
A fundamental mathematical operation that represents the process of dividing one number by another.
Exponentiation
A mathematical operation involving the raising of a base to the power of an exponent, symbolizing repeated multiplication.
Q2: (Figure: Indifference Curves and Consumption Bundles) Look
Q7: If a consumer derives more utility by
Q9: The long-run average cost curve will be
Q63: A perfectly competitive small organic farm produces
Q87: Austin's total fixed cost is $3,600 a
Q181: (Table: Tonya's Production Function for Apples) Look
Q227: (Figure: Game-Day Shirts) Rick is one of
Q283: (Table: Cakes) Look at the table Cakes.
Q285: (Table: Variable Costs for Lots) Look at
Q367: In terms of indifference curves, the optimal