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If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then at her profit-maximizing level of output, Sarah will earn a ______ of ______ per day.

Respuesta :

Capricious23

Answer:

Blank 1: Loss

Blank 2: $15

Explanation:

Following table is necessary for the calculation required:

Number of cakes per day: 0, 1, 2, 3, 4, 5, 6

Total cost per day: $100, $180, $220, $300, $400, $520, $660

The workings are attached in the document below:

Ver imagen Capricious23

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