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Help Question 1 10 pts You have a bakery, and you can sell your pies at $5 per unit. Your bakery has fixed costs: $3,000

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Question 1 10 pts You have a bakery, and you can sell your pies at $5 per unit. Your bakery has fixed costs: $3,000 represented by an industrial oven, and $1,000 in monthly bank loan payments. Workers' wage is $1,200 monthly, and the pie ingredients are $3 per unit. What is the monthly profit maximizing quantity? You can fill-in a table like the one provided below to obtain your answer (hint: Total Benefit - P*Q; Total Cost - 3,000 + 1,000 + Ingredients_per_unit*Q + Wage*Workers; and the profit maximizing quantity is where Marginal Benefit = Marginal Cost): Workers Pies Total Benefit Marginal Benefit Total Cost Marginal Cost Profit or Loss 1800 2 3240 3 4500 5580 6480 7200 IN 7800 8 8280 8700

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