Pat's Catering Finds That When It Caters 20 Meals a Week

question 342

Multiple Choice

Pat's Catering finds that when it caters 20 meals a week, its total cost is $6,000. If Pat has total variable cost of $5,000, what is Pat's total fixed cost?

• A) $50
• B) $250
• C) $1,000
• D) $6,000

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Definitions:

Calculate

The process of determining a result numerically using mathematical operations or algorithms.

Mathematical Calculations

Mathematical calculations involve performing operations such as addition, subtraction, multiplication, and division to solve problems or analyze data.

Appropriate Statistic

An appropriate statistic refers to the selection of suitable statistical methods or tests that are fit to analyze the given data effectively.

Alternative Hypothesis

In hypothesis testing, the hypothesis that proposes a specific relationship between variables, opposed to the null hypothesis.