Multiple Choice
Suppose Sarah owns a small company that makes wedding cakes. The accompanying table shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.
If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $125 each, then Sarah should produce ________ cakes per day.
A) 0
B) 3
C) 5
D) 6
Correct Answer:

Verified
Correct Answer:
Verified
Q12: The accompanying table shows a pizzeria's fixed
Q13: Suppose a firm uses workers and office
Q14: Which of the following is the most
Q15: The accompanying table shows a pizzeria's fixed
Q16: Suppose a perfectly competitive firm is producing
Q18: A price-taker faces a demand curve that
Q19: To produce 150 units of output, a
Q20: The accompanying table shows a pizzeria's fixed
Q21: A firm's profit equals:<br>A)P − MC [price
Q22: Last year, Casey grew fresh vegetables, which