It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake issold for $4.90 each.(i) Make a table showing the cost of producing 20,40,60,80 and 100 cupcakes.(ii) Make a table showing the revenue from selling 20,40,60,80 and 100 cupcakes.(iii) Write an algebraic expression representing the cost C as a function of the number ofcupcakes x that are produced.(iv) Write an algebraic expression representing the revenue R as a function of the number ofcupcakes x sold.

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Q: why is the fixed cost 10?

A: Fixed cost doesn't change with the change in the number of output.

Q: what is the minimum value of avc & mc B. Function or expression of TVC, AVC, AFC, ATC and MC

A: TC= 13q3-2q2+60q+100

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A: Total cost TC = Fixed cost FC + Total Variable cost TVC

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Q: Find the attached file.

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.