Melanie made 100 muffins in her bakery and used the formula below to calculate one of the costs associated with making these muffins:
$$
\frac{\text { Fixed cost of making100muffins }}{100}+\frac{\text { Variable cost of making100 }}{100}
$$

What is Melanie calculating?
Choose 1 answer:
(A) Average variable cost
(B) Average total cost
(c) Marginal Cost
(D) Total cost
(E) Average fixed cost

Question

Melanie made 100 muffins in her bakery and used the formula below to calculate one of the costs associated with making these muffins:
$$
\frac{\text { Fixed cost of making100muffins }}{100}+\frac{\text { Variable cost of making100 }}{100}
$$

What is Melanie calculating?
Choose 1 answer:
(A) Average variable cost
(B) Average total cost
(c) Marginal Cost
(D) Total cost
(E) Average fixed cost

Accepted Answer

∻Solution∻ ‖ a ⋮ Formula Breakdown: The given formula is $\frac{ ext{Fixed cost of making 100 muffins}}{100} + \frac{ ext{Variable cost of making 100 muffins}}{100}$. ‖ ‖ b ⋮ Average Total Cost: The formula calculates the average fixed cost per muffin and the average variable cost per muffin, which together give the average total cost per muffin. ‖ ‖ c ⋮ Definition: Average total cost (ATC) is the sum of average fixed cost (AFC) and average variable cost (AVC). ‖ ∻Answer∻ ⚹ (B) Average total cost ⚹ ∻Key Concept∻ ⚹ Average Total Cost (ATC) ⚹ ∻Explanation∻ ⚹ The formula provided calculates the average fixed cost and the average variable cost per muffin, which together constitute the average total cost per muffin. ⚹◊What is the formula to calculate the average total cost of making 100 muffins⍭ Generate me a similar question◊

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