Laura is a gourmet chef who runs a small catering business in a competitive industry. laura specializes in making wedding cakes. laura sells 20 wedding cakes per month. her monthly total revenue is $5

Laura is a gourmet chef who runs a small catering business in a competitive industry. laura specializes in making wedding cakes. laura sells 20 wedding cakes per month. her monthly total revenue is $5,000 and her average variable costs are $180. the marginal cost of making a wedding cake is $200. in order to maximize profits, laura should:

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