Henrietta's fixed cost of catering meals is $1,000. She spends $14,000 on the cost of food to make meals and labor when she caters 100 meals. What is her average total cost of catering 100 meals?

Question

Quizplus · Accepted Answer

The average total cost of catering 100 meals is calculated by adding the fixed cost ($1,000) to the variable costs ($14,000) to get the total cost ($15,000), and then dividing by the number of meals (100), which equals $150 per meal.

Henrietta's Fixed Cost of Catering Meals Is $1,000