help

Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, he estimates demand for cookies as the following: DERMO 1.000 doxon 2,000 2,200 PRODABILITY OF DEMAND 0.04 0.05 0.28 0.29 0.13 0.05 0.16 2,600 2.000 3.000 Each dozen sells for $0.69 and costs $0.52, 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 co making decision quantity (Round your answers to 2 decimal places. Enter expected losses with a negative sign.) Expected Profit/Losa Cookies Baked Probability of Demand Dorn 1,800 0.04 2,000 0.05 2.200 028 2.400 0.29 2,600 0.13 2.800 0.05 3,000 0.16 Demand Profit/L05 0.04 0.05 0.28 Dozen) 1,800 2,000 2,200 2,400 2,600 2,800 3,000 0.29 0.13 0.05 0.16 b. Based on your answers to part a., what is the optimal number of cookies to make? Optimal number of cookies dozen c. By using marginal analysis, what is the optimal number of cookies to make? Optimal number of cookies dozen