Use the Following to Answer Questions -(Table: Costs of Birthday Cakes)Use Table: Costs of Birthday Cakes

question 216

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Costs of Birthday Cakes }\\\begin{array} { c c } \hline \text { Quantity of cakes } & \text { Variable cost, } \boldsymbol { V C } \\\hline 0 & 0 \\1 & 15 \\2 & 25 \\3 & 30 \\4 & 38 \\5 & 50 \\6 & 70 \\\hline\end{array}\end{array}$$
-(Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average variable cost of five cakes?

• A) $300
• B) $250
• C) $50
• D) $10

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Definitions:

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteering.

Less Prone

Having a reduced likelihood or susceptibility to something.

Prisoner's Dilemma Game

A concept in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Mutual Cooperation

Refers to the process where individuals or entities work together towards a common goal, ensuring mutual benefit.