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    Microeconomics Study Set 44
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    Exam 11: Behind the Supply Curve: Inputs and Costs
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 327

Question 327

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Table: Costs of Birthday Cakes)  Look at the table Costs of Birthday Cakes. Assume that fixed costs are $10. What is the average fixed cost of 2 cakes? A)  $5 B)  $10 C)  $25 D)  $30
-(Table: Costs of Birthday Cakes) Look at the table Costs of Birthday Cakes. Assume that fixed costs are $10. What is the average fixed cost of 2 cakes?


A) $5
B) $10
C) $25
D) $30

Correct Answer:

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