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    Exam 11: Behind the Supply Curve: Inputs and Costs
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Use the Following to Answer Question

Question 193

Question 193

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average fixed cost of 4 cakes? A) $48.00 B) $10.00 C) $5.00 D) $2.50
-(Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average fixed cost of 4 cakes?


A) $48.00
B) $10.00
C) $5.00
D) $2.50

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