Henrique Correa’s bakery prepares all its cakes
between 4:00 a.m. and 6:00 a.m. so they will be fresh when customers
arrive. Day-old cakes are virtually always sold, but at a
50% discount off the regular $10 price. The cost of baking a cake
is $6, and demand is estimated to be normally distributed, with a
mean of 25 and a standard deviation of four. What is the optimal
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