Maribeths Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to
Question:
Maribeth’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.55 for 500 and $0.50 for 600.
Required
If the total cost function for croissants is linear, what will be the average cost to bake 560?
Units | Avg. Cost |
500 | $0.55 |
600 | $0.50 |
560 | ? |
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Step by Step Answer:
Answer rating: 83% (12 reviews)
That is y 150 x 025 per croissant Third estimate y given x 560 y 29000 Finally estimate aver...View the full answer
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Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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