Use the figure below to answer the following question. 
Figure 12.2.4
-Refer to Figure 12.2.4.Grannie's is the only cake bakery on Coastal Island.The graph shows Grannie's demand curve,marginal revenue curve,and marginal cost curve.Grannie's profit-maximizing price is ________ a cake and its profit-maximizing output is ________ cakes a week.
Definitions:
Reward/Risk Ratio
A metric used to compare the potential returns of an investment to its potential losses.
Expected Return
The anticipated return on an investment, based on historical data or probabilistic estimates of future performance.
Nonsystematic Variance
The portion of an investment's variance that is due to factors specific to its issuer and not related to wider market movements.
Market Index
An indicator used to represent the performance of specific sectors or the market as a whole, often compiled from a set of selected stocks.
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