It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake issold for $4.90 each.(i) Make a table showing the cost of producing 20,40,60,80 and 100 cupcakes.(ii) Make a table showing the revenue from selling 20,40,60,80 and 100 cupcakes.(iii) Write an algebraic expression representing the cost C as a function of the number ofcupcakes x that are produced.(iv) Write an algebraic expression representing the revenue R as a function of the number ofcupcakes x sold.

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Q: Q1.It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold…

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first…

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Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…

A: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold for…

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A: The marginal cost refers to the change in total cost of production that comes from producing an…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake issold for…

A: Given fixed cost = 420 Variable cost = 2.10

Q: Use the information in the graph to the right to find the values for the following at an output…

A: The marginal cost refers to the change in total cost of production that comes from producing an…

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A:

Q: Define Average unit cost,

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A:

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Q: Q1 It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold…

A: Since posted multiple sub-part, we will answer first three sub-parts.

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.