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micro chapter 13-17

Question:
Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells 20 wedding cakes per month. Her monthly total revenue is $5,000. The marginal cost of making a wedding cake is $200. In order to maximize profits, Laura should
Answer:
make more than 20 wedding cakes per month.
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Last update by mayurcooled on 04/16/2014
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micro chapter 13 17
micro chapter 13-17
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Question: Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells 20 wedding cakes per month. Her monthly total revenue is $5,000. The marginal cost of making a wedding cake is $200. In order to maximize profits, Laura should
Answer: make more than 20 wedding cakes per month.