Scenario 1 (length: as needed)
A cupcake store is located in a mall and is the only cupcake store
in that mall. The demand schedule for cupcakes (per dozen) is given
in the table below. If the marginal cost to produce a dozen
cupcakes is $4 per unit, how many units should the firm
produce?
Price |
Quantity Purchased |
|
(Dozen per day) |
||
$12 |
3 |
|
$11 |
7 |
|
$10 |
12 |
|
$9 |
20 |
|
$8 |
35 |
|
$7 |
60 |
|
$6 |
100 |
|
$5 |
160 |
|
$4 |
250 |
Scenario 1 (length: as needed) A cupcake store is located in a mall and is the...
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