Table: Cakes Number of misers Fised Average Variable Cest Cests $1.000 S10 1,500 2,500 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 1 mixer and bakes 100 cakes per day, what is her average fixed cost? $15 $10,000 $1,000 $10
Table: Cakes Number of misers Fised Average Variable Cest Cests $1.000 S10 1,500 2,500 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 1 mixer and bakes 100 cakes per day, what is her average fixed cost? $15 $10,000 $1,000 $10
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
Related questions
Question
![Table: Cakes
Table: Cakes
Number of
Fixed
Costs
Average
Varlable Cost
mixers
$1,000
1,500
2
2,500
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 l mixer and bakes 100 cakes
per day, what is her average fixed cost?
O S15
$10,000
S1,000
O s10
4 googlechrome i.dmg](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49c5f8b6-5256-42d8-98fe-c615aa894d21%2Fb95ff6bd-a3c2-4405-9c43-f8ea683f89ad%2Fdodk1xx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Table: Cakes
Table: Cakes
Number of
Fixed
Costs
Average
Varlable Cost
mixers
$1,000
1,500
2
2,500
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 l mixer and bakes 100 cakes
per day, what is her average fixed cost?
O S15
$10,000
S1,000
O s10
4 googlechrome i.dmg
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