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Your and your business partner bake bread to be sold at the Madison Farmer's Market every Saturday. You calculate the underage cost to be $2.50
Your and your business partner bake bread to be sold at the Madison Farmer's Market every Saturday. You calculate the underage cost to be $2.50 per loaf and the overage cost to be $0.50 per loaf. If you are baking the profit maximizing amount of bread that balances the overage and underage cost, how often should you expect to run out of bread at the farmer's market? (Slide 21) About 7% of the time About 17% of the time About 9% of the time About 13% of the time About 1% of the time About 4% of the time
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