Table 76 -Refer to Table 7

question 187

Multiple Choice

Table 7.6
$$\begin{array} { | c | c | c | c | } \hline \text { Cakes } & \text { Variable Costs } & \text { Fixed Costs } & \text { Total Costs } \\\hline 0 & & \$ 10 & \\\hline 1 & \$ 2 & & \\\hline 2 & \$ 3 & & \\\hline 3 & & & \$ 16 \\\hline 4 & \$ 9 & & \\\hline 5 & \$ 10 & & \$ 20 \\\hline\end{array}$$
-Refer to Table 7.6,which shows the costs of birthday cakes at a bakery.What is the total cost of 2 cakes?

• A)$7
• B)$10
• C)$17
• D)$35,000
• E)$13

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Definitions:

Subsidized Loan Program

A financial aid program where the government or an organization offers loans at reduced interest rates or with favorable terms to support certain activities or sectors.

Angora Goat Farmers

Individuals or businesses involved in raising Angora goats, which are prized for their soft wool or mohair.

Special-Interest Effect

A phenomenon where policy decisions are disproportionately influenced by small, well-organized groups at the expense of the larger public interest.

Concentrated Benefit

Concentrated benefit refers to situations in economic policy where a particular policy's benefits are received by a relatively small, identifiable group, while the costs are diffused across a large group.