What is her average total cost, if Pat purchases two mixers and bakes 200 cakes per day? (Table: Cakes) Examine the table Cakes. Pat is opening a small bakery to make and sell special birthday cakes. She is trying to decide how many mixers to purchase. Her estimated fixed and average variable costs if she purchases one, two, or three mixers are shown in the table. Assume that average variable costs are constant and do not vary with the quantity of output produced.

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Table: Cakes Number of Fixed Average Variable Cost mixers Costs 1 $1,000 1,500 $10 7 2,500 4 23 Table: Cakes Number of Fixed Average Variable Cost mixers Costs 1 $1,000 1,500 $10 7 2,500 4 23

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