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21-11-2017
Business

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

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nobillionaireNobley nobillionaireNobley

04-12-2017

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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