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. How many mixers should Pat buy to get the lowest average total cost if she plans to make 200 cakes?
Definitions:
Inflation Rate
The rate expressed in percentage terms by which the overall price level of goods and services increases, leading to a decrease in purchasing power.
Real Rate of Interest
The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to lenders.
Investment-Demand
The desire or willingness to allocate resources towards investment goods that are expected to yield returns in the future.
Interest Rate
The cost of borrowing money or the return for lending money, usually expressed as an annual percentage of the principal.
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