Table 13-12Betty's BakeryQuantityAverage Average AverageofFixed VariableTotalFixed Variable Total MarginalcakesCostCostCostCostCostCostCost1$13$382$283$704$645$1106$1087$1338$185Refer to Table 13-12. What is the variable cost of producing 5cakes at Betty's Bakery?$90$85$100$64

The, variable cost of producing 5 cakes at Betty’s Bakery is $85. Thus, option B is the correct…

Quantity Average Average Average Fixed Variable Total Marginal of Fixed Variable Total cakes Cost Cost Cost Cost Cost Cost Cost 1 $13 $38 $28 $70 4 $64 $110 6 $108 7 $133 $185 Refer to Table 13-12. What is the variable cost of producing 5 cakes at Betty's Bakery? $90 $85 $100 $64 CO

Quantity Average Average Average Fixed Variable Total Marginal of Fixed Variable Total cakes Cost Cost Cost Cost Cost Cost Cost 1 $13 $38 $28 $70 4 $64 $110 6 $108 7 $133 $185 Refer to Table 13-12. What is the variable cost of producing 5 cakes at Betty's Bakery? $90 $85 $100 $64 CO

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 13-12
Betty's Bakery
Quantity
Average Average Average
of
Fixed Variable
Total
Fixed Variable Total Marginal
cakes
Cost
Cost
Cost
Cost
Cost
Cost
Cost
1
$13
$38
2
$28
3
$70
4
$64
5
$110
6
$108
7
$133
8
$185
Refer to Table 13-12. What is the variable cost of producing 5
cakes at Betty's Bakery?
$90
$85
$100
$64

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