Suppose Sarah Owns a Small Company That Makes Wedding Cakes

question 130

Multiple Choice

Suppose Sarah owns a small company that makes wedding cakes. The accompanying table shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day. $$\begin{array} { | c | c | } \hline \text { Number of Cales Per Day } & \text { Tatal Cast Per Day } \\\hline 0 & \$ 100 \\\hline 1 & \$ 180 \\\hline 2 & \$ 220 \\\hline 3 & \$ 300 \\\hline 4 & \$ 400 \\\hline 5 & \$ 520 \\\hline 6 & \$ 660 \\\hline\end{array}$$  
If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then Sarah should produce ________ cakes per day.

• A)0
• B)3
• C)5
• D)6

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Definitions:

Gender Identities

The personal sense of one's own gender, which can correspond with or differ from the sex assigned at birth.

Ethnic Differences

Variations among groups of people based on race, nationality, tribe, religion, or other social classifications that can influence behaviors, beliefs, and cultural practices.

Global Strategy

An approach to business that seeks to create value by leveraging the unique benefits of worldwide operations.

Multidomestic Strategy

A business strategy that involves tailoring products and marketing strategies to fit the specific needs and preferences of local markets.