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 400 cakes per day, what is her average fixed cost?
Definitions:
Group
A number of individuals assembled together or having some unifying relationship.
Independent
A term in statistics indicating that two variables have no association or influence on each other.
Deck
A collection of slides compiled for a presentation, or a set of cards used in playing card games.
Independent of Suits
A term often used in card games, meaning the game's outcomes or rules do not depend on the suit of the cards.
Q35: George has a weekly income (I) of
Q62: (Table: Production Function for Soybeans) Look at
Q67: (Figure: Game-Day Shirts) Rick is one of
Q78: Scott operates a business that takes people
Q79: Marginal cost can be calculated as:<br>A)
Q89: A perfectly competitive firm will earn a
Q111: (Figure: Consumer Equilibrium IV) Look at the
Q178: (Figure: Indifference Curves and Consumption Bundles) Look
Q320: A decreasing marginal rate of substitution indicates
Q335: (Table: Variable Costs for Lots) Look at