Question: ch 11 both pics are the same question Famous Albert prides himself on being the Cookle King of the West. Small, freshly baked cookies are

ch 11 both pics are the same question
ch 11 both pics are the same question Famous Albert prides himself
on being the Cookle King of the West. Small, freshly baked cookies

Famous Albert prides himself on being the Cookle King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookles he should make each day. From an analysis of past demand, he estimates demand for cookies as Each dozen sells for $0.69 and costs $0.50, which includes handling and transportation. Cookies that are not sold at the end of the day are reduced to $0,30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decision quantity. Note: Round your answer to the nearest whole number. Enter expected losses with a negative sign. b. Based on your answers to part a., what is the optimal number of cookles to make? 3,3000.20 Each dozen sells for $0.69 and costs $0.50, which includes handing and transportation. Cookies that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decision quantity. Note: Round your answer to the nearest whole number. Enter expected losses with a negative sign. b. Based on your answers to part a, what is the optimal number of cookies to make? c. By using marginal analysis, what is the optimal number of cookles to make

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