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Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells 2 0
Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells wedding cakes per month. Her monthly total revenue is $ The marginal cost of making a wedding cake is $ In order to maximize profits, Laura should
a make more than wedding cakes per month.
b make fewer than wedding cakes per month.
C continue to make wedding cakes per month.
d We do not have enough information to answer the question.
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