MCQ

M5381 · [1]
A bakery has fixed costs of 12,000 USD per month. Direct materials and labor are 1.50 USD per loaf. At an output of 8,000 loaves per month, what is the average cost per loaf?
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A bakery sells 4,000 loaves at 3.50 euros each. Next month the price is cut by 10% and quantity sold rises by 20%. Total revenue changes from
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State two examples of fixed costs. [2]
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