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21 June, 22:26

Refer to table 13-12. what is the fixed cost of production at betty's bakery?

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  1. 22 June, 00:38
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    Fixed cost = Total cost - Variable cost.

    Given that the variable cost is $13 and the total cost is $38 when 1 unit of good is produced, then

    Fixed cost = $38 - $13 = $25.
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