-The Table Above Gives Costs at Jan's Bike Shop

question 48

Multiple Choice

-The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?

• A) $200
• B) $300
• C) $400
• D) $500

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Definitions:

Admire

To regard someone or something with respect, approval, or warm esteem, often because of their qualities, achievements, or beauty.

Suffix

A morpheme added at the end of a word to form a derivative (e.g., -ation, -fy, -ing, -itis).

Pay

The compensation received by an employee from their employer in exchange for their work or services.

Suffix

A letter or group of letters added to the end of a word to change its meaning or indicate its grammatical function.