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

question 253

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
• E) $600

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Definitions:

Geometry

The branch of mathematics concerned with the properties and relations of points, lines, surfaces, and solids.

Maturation

The process of development in which an individual reaches a higher level of complexity and functionality, often through natural growth or learning.

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

Piaget

Pertains to Jean Piaget, a Swiss psychologist renowned for his groundbreaking contributions to the study of child development and cognitive theory.