a. How many cakes should you bake? How many cakes should you purchase? Instructions: Enter your answer as a whole number. Bake ___ cake(s) and purchase ___ cake(s). b. Given your answer to part a, how much in total will the 10 cakes cost you?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
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Next Friday, you plan to sell cakes at a bake sale to raise money for your school. You plan to charge $30 per cake, and you anticipate that you will sell 10 cakes. You can either purchase cakes to sell or bake them yourself. If you purchase the cakes, they will cost $11 each. If you bake your own cakes, your cost depends upon the number of cakes you bake, as shown in the table below.

Number of cakes you bake    Total cost of baked cakes ($)
0    0
1    10
2    22
3    36
4    52
5    70
6    90
7    112
8    136
9    162
10    190

 

a. How many cakes should you bake? How many cakes should you purchase?

Instructions: Enter your answer as a whole number.

Bake ___ cake(s) and purchase ___ cake(s).

b. Given your answer to part a, how much in total will the 10 cakes cost you?

Instructions: Enter your answer as a whole number. 

 

Note:- Don't use pen or paper and chatgpt 

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