4. Maggie Bakery has total costs of 3s +75s + 75 and she sells 10 cookies, her average variablecost will bea) 1125b) 1050c) 112.50d) 1055. Judy Bakery has two cost functions: TC1(y)= 300 +2y and TC2(y)=50+ 5y. If Judy produces 50loafs of bread per day, which method should she use?a) Firstb) Secondc) 25 loafs with TC1 and 25 loafs with TC2.d) 10 loafs with TC2 and 40 with TC1.

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Answered: 4. Maggie Bakery has total costs of 3s…

4. Maggie Bakery has total costs of 3s +75s + 75 and she sells 10 cookies, her average variable cost will be a) 1125 b) 1050 c) 112.50 d) 105

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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