Use the following to answer questions : $$\begin{array}{l}
\text { Table: Costs of Birthday Cakes }\
\begin{array} { c c }
\hline \text { Quantity of cakes } & \text { Variable cost, } \boldsymbol { V C } \
\hline 0 & 0 \
1 & 15 \
2 & 25 \
3 & 30 \
4 & 38 \
5 & 50 \
6 & 70 \
\hline
\end{array}
\end{array}$$
-(Table: Costs of Birthday Cakes)Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average total cost of five cakes?
A) $110
B) $60
C) $12
D) $2

Question

Use the following to answer questions : $$\begin{array}{l}
\text { Table: Costs of Birthday Cakes }\
\begin{array} { c c } 
\hline \text { Quantity of cakes } & \text { Variable cost, } \boldsymbol { V C } \
\hline 0 & 0 \
1 & 15 \
2 & 25 \
3 & 30 \
4 & 38 \
5 & 50 \
6 & 70 \
\hline
\end{array}
\end{array}$$
-(Table: Costs of Birthday Cakes)Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average total cost of five cakes?
A) $110
B) $60
C) $12
D) $2

Quizplus · Accepted Answer

The average total cost is calculated by adding fixed costs to variable costs and dividing by the quantity. For five cakes: (50 + 10) / 5 = $12.

Use the Following to Answer Questions -(Table: Costs of Birthday Cakes)Use Table: Costs of Birthday Cakes