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Calculate the additional tip for each server using logic and multiplication to solve the problems. Round answers to the nearest cent. Ryan works three shifts a week. He sells 13 additional $6.00 desserts each shift. If the gratuity is 18%, what is his additional income for the week? $_______________
Total Costs
The overall expenditure involved in producing goods or offering services, comprising both stable and changeable costs.
Economies of Scale
The cost advantage achieved when production becomes efficient, as the scale of production increases, leading to a reduction in the average cost to make each unit.
Diseconomies of Scale
A situation where, as a firm becomes larger, its costs per unit increase due to inefficiencies that arise from its growth.
Constant Costs
The costs that remain unchanged as the level of output or production increases or decreases.
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