Use the following to answer questions: 
-(Table: Costs of Birthday Cakes) Look at the table Costs of Birthday Cakes. Assume that fixed costs are $10. What is the average variable cost of 4 cakes?
Definitions:
Entitlement at Work
The belief or feeling that one deserves certain privileges or recognitions in the workplace without necessarily having earned them.
Responsible Behavior
Conduct that demonstrates accountability and ethical actions towards others and the environment.
Constructive Behavior
A pattern of actions aimed at building positive relationships, enhancing performance, and positively contributing to the environment or group.
Individual Reward Systems
Incentive mechanisms designed to recognize and reward personal achievement and performance.
Q61: (Figure: Perfectly Competitive Firm) Look at the
Q74: The market for new drugs is not
Q134: (Figure: A Perfectly Competitive Firm in the
Q135: (Scenario: E-Books and Sports Tickets) Read the
Q163: A key theme fundamental to all of
Q163: (Table: Consumer Equilibrium) Look at the table
Q219: A firm's marginal cost is:<br>A) the ratio
Q262: According to the substitution effect, which of
Q274: (Figure: Short-Run Costs II) Look at the
Q300: (Figure: Consumer Equilibrium III) Look at the