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Number of Cakes	VC	MC	AVC	FC	TC	ATC
0	​	​	​	50	​	​
1	​	30	​	​	​	​
2	​	​	​	​	​	50
3	​	​	25	​	​	​
4	​	​	​	​	155	​

Table 8.3


Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces zero cake, Candy's total costs are:

▸ $0.

▸ $50.

▸ $100.

▸ $150.

$50.

Number of Cakes	VC	MC	AVC	FC	TC	ATC
0	​	​	​	50	​	​
1	​	30	​	​	​	​
2	​	​	​	​	​	50
3	​	​	25	​	​	​
4	​	​	​	​	155	​

Table 8.3


Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces one cake, Candy's total variable costs are:

▸ $0.

▸ $30.

▸ $50.

▸ $80.

$30.

Number of Cakes	VC	MC	AVC	FC	TC	ATC
0	​	​	​	50	​	​
1	​	30	​	​	​	​
2	​	​	​	​	​	50
3	​	​	25	​	​	​
4	​	​	​	​	155	​

Table 8.3


Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces two cakes, Candy's marginal cost is:

▸ $0.

▸ $20.

▸ $25.

▸ $50.

$20.

Number of Cakes	VC	MC	AVC	FC	TC	ATC
0	​	​	​	50	​	​
1	​	30	​	​	​	​
2	​	​	​	​	​	50
3	​	​	25	​	​	​
4	​	​	​	​	155	​

Table 8.3


Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces three cakes, Candy's marginal costs are:

▸ $0.

▸ $25.

▸ $41.67.

▸ $75.

$25.

TY

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