Examlex

Solved

Use the Following to Answer Question

question 49

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Table: Cakes) Use Table: Cakes.Pat is opening a bakery to make and sell special birthday cakes.She is trying to decide how many mixers to purchase.Her estimated fixed and average variable costs if she purchases 1,2,or 3 mixers are shown in the table.Assume that average variable costs do not vary with the quantity of output.If Pat purchases 3 mixers and bakes 400 cakes per day,what is her average fixed cost? A) $0.05 B) $2.50 C) $5.00 D) $6.25
-(Table: Cakes) Use Table: Cakes.Pat is opening a bakery to make and sell special birthday cakes.She is trying to decide how many mixers to purchase.Her estimated fixed and average variable costs if she purchases 1,2,or 3 mixers are shown in the table.Assume that average variable costs do not vary with the quantity of output.If Pat purchases 3 mixers and bakes 400 cakes per day,what is her average fixed cost?


Definitions:

Partner's Crime

A legal concept referring to crimes committed by an individual that are connected to the actions or business operations of their partner.

Criminal Tendencies

The propensity or inclination of an individual to engage in behavior that is considered criminal or unlawful.

Legal Entities

Organizations such as corporations, governments, or nonprofit institutions that have legal rights and obligations.

Duty Of Care

A legal obligation requiring individuals to exercise a reasonable standard of care to prevent harm to others.

Related Questions