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An HTTP cookie, or a Web cookie, is a parcel of text sent by a server to a web browser and then sent back unchanged by the browser each time it accesses that server. It could report to the webmaster a lot of things about who you are, where did you come from and what IP address did you login from, etc. HTTP cookies are used for authenticating, tracking, and maintaining specific information about users, such as site preferences and the contents of their electronic shopping carts.

Only the server that wrote the cookie can read it. This way, you don't have to type your password every time. If you go to another site, it cannot see you are a member of another site such as ebay or my.yahoo, nor can read ...

#### Solution Summary

7 paragraph discussion of internet browser cookies.

\$2.19

## Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the speciality of his shop. Famous Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand he estimated demand for cookies as... Each dozen sells for \$0.69 and costs \$0.49, which includes handling and transportation. Cookies that are not sold at the end of the day are reduced to \$0.29 and sold the following day as day-old merchandise. a. Construct a table showing the profits or losses for each possible quantity. b. What is the optimal number of cookies to make? c. Solve this problem by using marginal analysis.

Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the speciality of his shop. Famous Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand he estimated demand for cookies as

DEMAND (dozen) Probability of Demand
1800 0.05
2000 0.1
2200 0.2
2400 0.3
2600 0.2
2800 0.1
3000 0.05

Each dozen sells for \$0.69 and costs \$0.49, which includes handling and transportation. Cookies that are not sold at the end of the day are reduced to \$0.29 and sold the following day as day-old merchandise.
a. Construct a table showing the profits or losses for each possible quantity.
b. What is the optimal number of cookies to make?
c. Solve this problem by using marginal analysis.

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