Se/start/it UM portal m EC N 1210 ( MATH 1210 MATH1210 Bladbo Bank of America 11

Question

Se/start/it UM portal m EC N 1210 ( MATH 1210 MATH1210 Bladbo Bank of America 11 Netflx g Turr tincn hos . UML Enail Yahoo Mail Done Graded Homework: Section 8, Production and Costs Average Costs Variable Cost $1,000 $10 1,500 e Ref 232 o decide how many mixers to purchase. Her estimated fixed and average variable costs if she purchases one, two, or three mixers are shown in th average variable costs are constant and do not vary with the uantity of output produced. If Pat purchases one mixer and bakes 400 cakes per day, what $2.50 $10 $12.50 $1,010 run average cost curve will be upward sloping when the firm is experiencing mies of scale. Start: 11:52 PM ^ 11:53 PM

Explanation / Answer

Fixed cost of 400 cakes = $1000

Average fixed cost = FC/Q = 1000/400 = 2.5

Average variavle cost = 10

Average total cost = AFC + AVC = $12.50

Option 3

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