Kat runs a cake shop. Her monthly expenses are listed below. For each cost, indicate whether the

Question:

Kat runs a cake shop. Her monthly expenses are listed below. For each cost, indicate whether the cost is a fixed cost or a variable cost of producing cakes in the short run.
a. Ingredients (flour, butter, sugar).
b. Bakers (cooks).
c. Rent.
d. Payments for equipment (ovens).
e. Interest payments for borrowed capital.