Q 63

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labour costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?
A) $200
B) $300
C) $400
D) $500
E) $600

Q 64

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labour costs are the only variable costs of production. What is the total variable cost of producing 60 bikes?
A) $200
B) $300
C) $400
D) $500
E) None of the above answers is correct.

Q 65

Paulette owns a pizza parlour. Her total cost schedule is in the above table. Her total fixed cost is equal to
A) $20.
B) $79.
C) $35.
D) $85.
E) some amount, but more information is needed to determine her fixed cost.