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Table 14 Maria's Bakery Weekly Production Quantity of cakes Total cost (TC) ($) Average Total Cost produced Marginal Cost (ATC) ($) (MC) ($) Price per

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Table 14 Maria's Bakery Weekly Production Quantity of cakes Total cost (TC) ($) Average Total Cost produced Marginal Cost (ATC) ($) (MC) ($) Price per unit ($) Marginal Revenue (MR) (S) 20 4500 300 21 4780 300 22 5070 300 23 5370 300 24 5680 300 6000 300 25 Maria runs a bakery in San Jose, CA. She sells fancy cakes for special occasions such as weddings. It is a perfectly competitive market. The Dade 14 above shows neel) production information for her business. The average total cost (ATC) when 20 cakes are produced is ( Select) " as more units are prodcent land is I Select ! The marginal cost (MC) of the 23st unit is ( Select] as more and more units are poiret /and is / I Select) The marginal revenue (MR) for the 21rd unit is / ( Select ) " cakes At this quantity her economie profit s (830) fit maximizing quantity of output for Maria's Bakery is ( I Select)

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