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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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975697

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