Question 18 (1 point) Lauren owns a bakery. Her total costs are $150,000 per yea

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Question 18 (1 point) Lauren owns a bakery. Her total costs are $150,000 per year, and her variable costs are $85,000. This means that her fixed costs are: A) $150,000. B) $85,000 C) $235,000. D) $65,000. Save Question 19 (1 point) m Use the following scenario to answer the questions that follow Steve owns a bike store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bikes Steve's average fixed cost was per bike. A) $2,000 B) $625 C) $375 D) $1,000 ed

Explanation / Answer

18. The correct answer is Option D. Lauren’s variable costs are $65,000.

19. The correct answer is Option C. His average fixed cost was $375 per bike.

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