Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.45 for 2,100 and $0.40 for 4,200. Required: If the total cost function for croissants is linear, what will be the average cost to bake 3,400? (Do not round intermediate calculations. Round your final answer to 4 decimal places.) Average cost

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.45
for 2,100 and $0.40 for 4,200.
Required:
If the total cost function for croissants is linear, what will be the average cost to bake 3,400? (Do not round intermediate calculations.
Round your final answer to 4 decimal places.)
Average cost
Transcribed Image Text:Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.45 for 2,100 and $0.40 for 4,200. Required: If the total cost function for croissants is linear, what will be the average cost to bake 3,400? (Do not round intermediate calculations. Round your final answer to 4 decimal places.) Average cost
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