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.Number of Cakes Per DayTotal Cost Per Day0$1001$1802$2203$3004$4005$5206$660 If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then Sarah should produce ________ cakes per day.

According to the quantity theory of money, if the quantity of goods and services doubles within the economy while velocity is constant and the money supply is cut in half, then the price level will be

a. unaffected b. four times higher c. times higher d. one-half its previous level e. one-fourth its previous level

Refer to the table and information below. What is the net benefit of project 2?

A government is considering undertaking one or more construction projects. The estimated marginal costs and benefits of each project are given in the table.



A. $2 million
B. $3 million
C. $4 million
D. $5 million