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(Table: Costs for Birthday Cakes) Annie Has a Bakery That

Question 55

Multiple Choice

(Table: Costs for Birthday Cakes) Annie has a bakery that specializes in birthday cakes, and her variable costs of producing cakes are shown in the table Costs of Birthday Cakes.Assume that her fixed costs are $10.The minimum average variable cost occurs at what output?


A) 2
B) 3
C) 4
D) 5

Correct Answer:

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