Total Cost of Producing Loaves of Bread%0D%0ANumber of Loaves Produced, x%0925%0975%09250%09400%0D%0ATotal Cost of Production, y (dollars)%09170%09210%09350%09470
A. $1.25
B. $0.80
C. $1.60
D. $0.70
C. $1.60
To find the total cost of producing each loaf of bread, we divide the total cost of production by the number of loaves produced:
For 25 loaves: $170 / 25 = $6.80 per loaf
For 75 loaves: $210 / 75 = $2.80 per loaf
For 250 loaves: $350 / 250 = $1.40 per loaf
For 400 loaves: $470 / 400 = $1.175 per loaf
The average cost per loaf is ($6.80 + $2.80 + $1.40 + $1.175) / 4 = $1.60.