Use the Following to Answer Questions

question 283

Multiple Choice

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 and bakes 200 cakes per day, what is her average fixed cost?

• A) $5
• B) $10
• C) $200
• D) $1,000

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Definitions:

Prosecutor

A lawyer who manages the prosecution of the defendant in criminal proceedings.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and has the capacity to enter into contracts, sue, and be sued.

White-Collar Criminals

Individuals who commit non-violent, financially motivated crimes, typically involving fraud, embezzlement, or other forms of deceit carried out during professional employment or activities.

Punishment

A penalty imposed for wrongdoing, intended to correct, deter future offenses, and serve as retribution.