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    Microeconomics Study Set 25
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    Exam 11: Behind the Supply Curve: Inputs and Costs
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 40

Question 40

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 total cost of 4 cakes? A) $35.00 B) $25.00 C) $9.50 D) $12.00
-(Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average total cost of 4 cakes?


A) $35.00
B) $25.00
C) $9.50
D) $12.00

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