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.What is the average variable cost of 5 cakes?
A) $300
B) $250
C) $50
D) $10
Correct Answer:
Verified
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