Table 13-12
Betty's Bakery

-Refer to Table 13-12.What is the average variable cost of producing 3 cakes at Betty's Bakery?
A) $14
B) $15
C) $16
D) $17

Question

Table 13-12
Betty's Bakery
 
-Refer to Table 13-12.What is the average variable cost of producing 3 cakes at Betty's Bakery?
A) $14 
B) $15 
C) $16 
D) $17

Quizplus · Accepted Answer

To calculate the average variable cost of producing 3 cakes, we need to add up the variable costs of producing 3 cakes and then divide by 3. From the table, we see that the variable cost of producing 3 cakes is $45. Dividing by 3, we get an average variable cost of $15 per cake. Therefore, the correct answer is B.

Table 13-12 Betty's Bakery