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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 321

Question 321

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 4 cakes? A)  $48.00 B)  $10.00 C)  $5.00 D)  $2.50
-(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 4 cakes?


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

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