How much bread should the bakery produce in a single day

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Reference no: EM13708021

Question: A bakery must decide how many loaves of fresh bread to produce in a single day. Daily demand for fresh bread is normally distributed with a mean of 70 loaves and standard deviation of 18.

If the marginal loss is $2 and the marginal profit is $1, how much bread should the bakery produce in a single day?

Option 1: 88

Option 2: 52

Option 3: 63

Option 4: 78

Option 5: 70

Reference no: EM13708021

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