Table 13-12 Betty’s Bakery Quantity of cakes Fixed Cost Variable Cost Total Cost...
Table 13-12
Betty’s Bakery
|
Quantity |
|
|
|
Average |
Average |
Average |
|
|
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 average fixed
cost of producing 3 cakes at Betty’s Bakery?
| a. |
$5.33 |
|
| b. |
$8.33 |
|
| c. |
$2.67 |
|
| d. |
$1.67 |
Homework Answers
The complete table is given below
|
Q |
FC=TC-FC |
VC=TC-FC |
TC=FC+VC |
AFC=FC/Q |
AVC=VC/Q |
ATC=TC/Q |
MC=TC2-TC1 |
|
1 |
25 |
13 |
38 |
25 |
13 |
38 |
|
|
2 |
25 |
28 |
53 |
12.5 |
14 |
26.5 |
15 |
|
3 |
25 |
45 |
70 |
8.333333 |
15 |
23.33333 |
17 |
|
4 |
25 |
64 |
89 |
6.25 |
16 |
22.25 |
19 |
|
5 |
25 |
85 |
110 |
5 |
17 |
22 |
21 |
|
6 |
25 |
108 |
133 |
4.166667 |
18 |
22.16667 |
23 |
|
7 |
25 |
133 |
158 |
3.571429 |
19 |
22.57143 |
25 |
|
8 |
25 |
160 |
185 |
3.125 |
20 |
23.125 |
27 |
The average fixed cost of producing 3 cakes at Betty’s Bakery is $8.33.
The correct option is : option b.
Add Answer to:
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19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
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W This table describes the cost structure for a firm producing cakes. Fixed Costs, FC Total Costs, TC Q (number of cakes produced) 0 1 2 3 Variable Costs, VC 0 Average Variable Costs, AVC Average Total Costs, ATC 40 70 70 4 40 270 5 330 What is the average variable cost (AVC) of producing 4 cakes? $80 $50 $40 $20
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Annie has a bakery that specializes in birthday cakes. Her fixed costs are $10. Her variable costs are shown in the table below. Table: Costs of Birthday Cakes Quantity of cakes Variable Cost 50 What is the average total cost of 2 cakes? $2,50 OOO $17.50 $12.50 > Moving to the next question prevents changes to this answer Qu Question 7 4 points The XYZ company produces 300 units of output at a total cost of $1,000. The company's fixed...
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