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 fixed cost of 4 cakes?
Definitions:
Activity-Based Costing
A strategy for pricing that assigns overhead and indirect costs to products and services according to the specific activities they need.
Complexity-Related
Costs or metrics that arise due to the complexity of operations, products, or services.
Size-Related
Characteristics, measurements, or dimensions of an object, system, or process that pertain to its size.
Order-Related
typically refers to costs, activities, or processes that are directly associated with filling specific customer orders.
Q77: When marginal cost is ABOVE average variable
Q79: (Figure: Consumer Equilibrium I) Look at the
Q87: When the price of an inferior good
Q143: In the short run, a firm will
Q145: (Table: Utility from Coffee and Comic Books)
Q178: (Figure: Perfectly Competitive Firm) Look at the
Q258: In the long run, all of the
Q292: (Figure: Marginal Decision Rule) Look at the
Q302: Suppose that the market for haircuts in
Q303: The marginal utility of a good is