Quantity (boxes of cakes) Total variable cost (dollars) 0 0 1 20 2 35 3 50 4 75 5 110 6 160 The above table gives some cost information for Diana’s bakery store. Firm’s fixed cost is $20. The total cost of producing 6 units of cakes $160. $450. $180. There is not enough information to answer the question.

Quantity (boxes of cakes) Total variable cost (dollars) 0 0 1 20 2 35 3 50 4 75 5 110 6 160 The above table gives some cost information for Diana’s bakery store. Firm’s fixed cost is $20. The total cost of producing 6 units of cakes $160. $450. $180. There is not enough information to answer the question.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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