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 elther purchase cakes to sell or bake them yourself. If you purchase the cakes, they will cost $27 each. If you bake your own cakes, your cost depends upon the number of cakes you bake, as shown in the table below.

a) How many cakes should you bake? How many cakes should you purchase? Bake cakes) and purchase cake(s).

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

c) How much would it have cost you to bake all 10 cakes?

Transcribed Image Text:

Number of cakes Total cost of you bake baked cakes ($) e e 631SAWNH@ 2 4 5 6 7 8 9 10 10 22 36 52 70 90 112 136 162 190 Number of cakes Total cost of you bake baked cakes ($) e e 631SAWNH@ 2 4 5 6 7 8 9 10 10 22 36 52 70 90 112 136 162 190

Answer rating: 100% (QA)

a Following table shows the marginal cost schedule Number of cakes you ... View the full answer