The Above Table Shows the Probability Distribution of Cake Sales

question 152

Multiple Choice

The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
-Refer to the table above. Busy Betty sells her cakes for $20 each and her constant marginal cost to produce each cake is $12, which is equal to her (constant) average total cost. If she does not sell a cake the day she makes it, she sells it as day- old cake for $10. What is her expected marginal cost of holding the 20th cake in inventory?

• A)$0.20
• B)$0.40
• C)$10.00
• D)$2.00

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Definitions:

Right Hemisphere

the half of the brain that controls the left side of the body, often associated with creativity, spatial ability, and facial recognition.

Visual-spatial Skills

The ability to understand, reason, and remember the spatial relations among objects or space.

Brain Part

A specific anatomical component of the brain responsible for various functions, such as the cerebrum for thought and action, or the cerebellum for balance and coordination.

Verbal Processing

The cognitive function involved in the understanding and production of spoken and written language.