Decent Donuts -Use the Data in the Table Above and Suppose That

question 389

Multiple Choice

Decent Donuts

-Use the data in the table above and suppose that labor is the only variable factor of production. When 122 dozen donuts are produced at Decent Donuts, the AVC curve

• A) has a negative slope.
• B) has a positive slope.
• C) is at its minimum point.
• D) is at its maximum point.

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Definitions:

Fraction

A mathematical expression representing the division of one quantity by another; it consists of a numerator and a denominator.

Multiply

The mathematical operation of increasing one number by the value of another, a basic arithmetic function symbolized by the symbol “x” or “*”.

Smaller

Lesser in size, amount, or degree compared to another reference point or object.

Nearest Tenth

A mathematical term describing the rounding of numbers to the first decimal place.